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.
Most Recent Posts
We are excited to announce that we have once again partnered with Business of Cannabis for their Cross-Border Cannabis event. As the march toward lega...
Mar 4, 2021
There has been much anticipation for new cannabis products since the Canadian government first announced that cannabis would be legalized for recreati...
Mar 3, 2021
Matt Maurer, Co-chair of our Cannabis Law Group and Chair of our Franchise Law Group, was quoted by CTV News.
Feb 25, 2021