Pax Labs‘ general manager for Canada predicted the Canadian vape market would be a $600M industry by 2021.
Bloomberg
- Vape technology has been at the core of major deals involving tobacco companies entering the sector. Imperial Tobacco’s $123M investment in Auxly was largely made on the promise of vape products.
Bloomberg - Altria Group, which invested $2.4B in Cronos in December, is in merger talks with similarly-enormous tobacco firm Philip Morris.
MJ Biz Daily
Quick Hits
- Ratings agency Fitch warned Canadian banks aren’t going to regain their interest in cannabis investments any time soon.
Financial Post - A GMP Securities analyst said US cannabis companies are underpriced and will soon eclipse Canadian companies.
Barron’s
