Mergers and acquisitions: 2 cannabis powerhouses merge

There continues to be increased marriages in the cannabis industry. The latest news in Canada regarding the industry's mergers and acquisitions includes the melding of Cannagistics, Inc. and Unified Cannabis of Canada. The all-stock transaction is expected to create the flagship CBD/Hemp/Cannabis International Vertically Optimized Company (CIVOC). Cannagistics CEO says the new entity will create a unique, profitable international powerhouse in the evolving cannabis industry.

Meanwhile, the head of Unified said the new venture, at one-quarter of its consolidation, will be one of the first profitable CBD product and services-related companies. Unified is bringing with it up to C$50 million of revenue, product cultivation, retail and supply chain stores from mature stateside and emerging Canadian markets. It also has some cannabis-related assets in real estate in tow. 

Unified has a combined employee base of more than 100 years of cannabis cultivation, retail and supply chain experiences and operating assets which have been generating a profit. The heads of both companies see a market which is ripe for rapid profitability. The first stage of the transaction is expected to close soon.

When business mergers and acquisitions happen in Canada, a lawyer's experienced may prove invaluable before, during and after the process. A lawyer may be able to work with a client to secure financing, draft contracts, negotiations and assist in closing a deal. A lawyer may also be able to work with a client to identify business goals and help a client to build a road map for those goals including a time frame for their realization.

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