Will Coca-Cola-Aurora Deal Materialize?
It’s been over a year since the Coca-Cola-Aurora merger gossip hit the airwaves. What is apparent is that Coca-Cola seems interested in producing cannabis-infused beverages, possibly in partnership with a cannabis company. Time will tell whether this deal between the two business giants will materialize. Should Coca-Cola get cold feet, smaller soft beverage companies are sure to jump at the opportunity.
Cannabis Mergers and Acquisitions Paving Way For Bigger Entrants To Cannabis
Last year we also witnessed the coming together of cannabis businesses in the US through mergers and acquisitions. For example, MedMen and Pharmacann came together as well as iAnthus and MPX. These mergers will help in building larger cannabis businesses that can function more efficiently. Such businesses are more likely to attract investments from larger companies in other sectors once federal cannabis prohibition ends. These companies may include big pharma, big tobacco as well as big alcohol companies. However, these are hardly the only industries set to expand into the growing cannabis economy.