Andrew Wilder speaks to The Globe and Mail regarding the recent rise in cannabis stocks
Andrew Wilder, Co-chair of our Cannabis Law Group , spoke with The Globe and Mail regarding the recent rise in cannabis stocks.
The recent explosive runup in Canadian cannabis stocks – triggered by the same forces behind GameStop Corp.’s GME-N -5.86 % decrease meteoric rise – has unleashed a flood of money into a sector that had been largely starved of capital for more than a year, Bay Street dealmakers say.
Andrew Wilder, partner at Torkin Manes LLP, which primarily handles deals in the cannabis retail sector, believes the recent market exuberance bodes particularly well for retailers such as High Tide and Fire & Flower to consolidate their ownership positions across Canada. “Every single pot shop sells the same thing for the same price. There will have to be more consolidation,” Mr. Wilder predicted.
This article was originally published on The Globe and Mail website. To read the complete article, visit The Globe and Mail.
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