This Cannabis Company's Purchases Could Take It a Mile High
Many people know Denver as the Mile-High City for its elevated location. In fact, if you stand on the 13th step of the Colorado state capitol building in Denver, you are exactly one mile above sea level (5,280 feet). In the cannabis industry, however, one may interpret that nickname in a slightly different way.
Denver is one of the country's oldest legal marijuana markets, and it's also the most recent city in which vertically integrated cannabis company Columbia Care (OTC: CCHWF) might hit a jackpot. Perhaps over time Denver might even provide the boost that sees the stock share price climb skyward for a mile-high -- say, 5,280% -- gain.
Even if not, consolidation is happening across the industry, and Columbia Care has been making acquisition moves to build its presence and expand its footprint. Its most recent purchase of Denver-based cannabis operator Medicine Man is just one of many.
Source Fool.com
