U.S.-primarily based cannabis multistate operators (MSOs) – each public and private – have hit the ground operating in 2019 as they race to achieve industry share and establish a dominant brand.
In 2018, a record quantity of U.S. cannabis firms turned to the Canadian Securities Exchange to fund their aggressive expansion plans, quite a few of which are beneath way now, according to information from Viridian Capital Advisors that is integrated in the most recent concern of MJBizDaily Investor Intelligence, released right now.
MSOs accounted for the best 5 raises on the CSE – totaling $1.52 billion.
That trend is anticipated to continue in 2019, as MSOs are poised to deploy hundreds of millions of dollars as they hustle to open new operations and dispensaries in important states, like:
- Florida, exactly where the state’s huge healthcare marijuana plan is poised to continue to develop.
- New York, exactly where leaders are pushing forward on plans to legalize recreational marijuana.
- California, Massachusetts and Michigan, exactly where newly launched recreational markets are opening up a host of desirable investment possibilities.
Study extra about the investment outlook for cannabis in our quarterly report, out there now as portion of our Investor Intelligence subscription.
Join us Thursday, Feb. 21, at 1 p.m. ET/10 a.m. PT for an exclusive webcast with MJBizDaily Investor Intelligence’s information companion, Viridian Capital Advisors.
Scott Greiper, president of Viridian and a pioneer in cannabis investing, will share his views what to anticipate in 2019 and how current moves are currently getting an influence on industry developments in the coming year.
Register for this exclusive occasion right here.
Have inquiries for Greiper? E mail them to Investor Intelligence Editor Lisa Bernard-Kuhn at [email protected].