Friday, December 21, 2018

Cannabis Canada Daily: Aleafia, Emblem Strike a Deal as Pot M&A Warms Up

Aleafia to buy Emblem for $173M in all-stock deal With so many publicly-traded Canadian cannabis producers in the market, it was only a matter of time before companies looked to consolidate further to maximize their growth potential. While analysts widely expected that to start in the coming quarters to better assess how the rollout of legal recreational cannabis fared, that consolidation kicked off when Aleafia Health announced it would acquire Emblem for $173 million in…

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