Growth in Mergers and Acquisitions in the United States and Canada

United States cannabis companies are seeking to grow, by utilizing mergers and acquisitions, while Canada is seeking to consolidate in the industry. Looking back to the first half of 2019, the U.S. and Canada were closely matched where both countries had about 2.1 billion dollars of total consideration.

Then in the second half of 2019 through 2020, Canadian mergers and acquisitions halted to almost a standstill, while activity in the U.S. remained strong. The dominance in the U. S. market was bolstered by large transactions in the first and third quarters of 2020.

In the first quarter of 2021, both countries experienced growing activity, as the U.S. benefitted from an increase in acquiring public companies. The second quarter of this year for both the U.S. and Canada saw a completed mega merger deal in Canada, worth 4.5 billion dollars, while a 2.1 billion dollar deal was announced in the U.S.