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This year we're expecting a massive amount of merger and acquisition (M&A) activity across the board.
All growing industries will deliver a lot of deal-making, with companies either making acquisitions to follow through on growth plans or being bought by a bigger player.
Strategic acquisitions this year will also address the fact that investors want results now. When acquisitions close, that puts revenue on the balance sheets that companies previously did not have.
Cannabis is no exception.
Just take a look at Gaby Inc. (OTCMKTS: GABLF), a California-based consumer packaged goods (CPG) company that takes a unique approach to cannabis and hemp-infused products.
Thanks to several key acquisitions, it grew revenue by a whopping 2,000% in a year, from 289,092 Canadian dollars for the month ended Sept. 30, 2018, to CA$6.2 million for the month ended Sept. 30, 2019.
Now it's time to spot the "next Gaby"…
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