CannabisNewsWire Editorial Coverage: The rapid growth of the cannabis sector is pushing companies to innovate expansion strategies.
- Among the companies affected are hydroponics suppliers, which sell vital equipment to cultivators.
- Hydroponics companies, like others in cannabis, are using mergers and acquisitions to benefit from a bullish market.
- A recent trade show in Las Vegas saw companies on the hunt for future acquisitions.
- Other companies are seeking outside investment or partnerships to increase their presence.
Hydroponics supplier Sugarmade, Inc. (OTCQB: SGMD) (SGMD Profile) has leaned into the current trend for mergers, with a big acquisition and open plans for future growth. Tilray, Inc. (NASDAQ: TLRY) is focusing on research and design, using public offerings to finance this work. Canopy Growth Corp. (NYSE: CGC) (TSX: WEED) has gained $4 billion in investment from a beverage company, an investment some believe will lead to a takeover. Both Cronos Group, Inc. (NASDAQ: CRON) (TSX: CRON) and Aphria (NYSE: APHA) (TSX: APHA) are relying on diverse strategies, including…
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