Mondaq Article: Norton Rose Fulbright – Canada: Canadian Cannabis Companies Come Under Fire

Mondaq Article: Norton Rose Fulbright – Canada: Canadian Cannabis Companies Come Under Fire

Canada: Canadian Cannabis Companies Come Under Fire 21 February 2020 by Linda Fuerst and Gerard G. Pecht Norton Rose Fulbright Canada LLP The Canadian capital markets landscape In the 12 months leading to legalization in October 2018, Canadian public companies already in the medical cannabis space experienced “jaw-dropping growth” in their market capitalizations, notwithstanding that many reported negative earnings.1 A significant volume of merger and acquisition (M&A) activity was also observed, often involving surprisingly high valuation multiples based at least in part on what may have been overly optimistic predictions of consumer demand. Initial investor interest was primarily retail, and exceptionally strong notwithstanding the speculative…

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Source : CANNANNEW REPORT
Link to original : Mondaq Article: Norton Rose Fulbright – Canada: Canadian Cannabis Companies Come Under Fire
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