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DEALS KEEP ON COMING

The end of the week saw two more big deals: 

Canadian operator Canopy Growth, the world’s largest cannabis company, said it would acquire competitor The Supreme Cannabis Company for approximately US$350M.
Reuters

Also, Glass House Group, California’s biggest grower, said it would go public in Canada through a $1B+ SPAC deal.
Reuters

  • Glass House will take over dispensary Element 7’s dispensaries and acquire a 5.5M square foot tomato greenhouse to grow you know what.
  • MarketWatch has more.

Thanks largely to SPACs, cannabiz companies raised more money in Q1 2021 than any quarter since Fall 2019.
MJBiz