Will This Canadian Company's Entry Shake Up the U.S. Cannabis Market?
Marijuana legalization in the U.S. could be years away from becoming a reality. However, that isn't stopping Canadian cannabis businesses from staking out positions beforehand. They want to be ready to go when the market opens up, and that is why there has been an uptick on the mergers and acquisitions (M&A) front of late.
Last week, Valens (OTC: VLNCF) became the latest name to announce its entry into the U.S. market with the acquisition of Green Roads, a U.S. company that makes hemp-derived cannabidiol (CBD) products. Let's take a closer look at what it means for Valens, and for the industry in the U.S.
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Source Fool.com
