Countries like Spain, Italy, and Colombia are likely the next growth opportunities for Canadian cannabis companies after a flurry of consolidation at home. The marijuana industry saw its largest deal to date on Monday with Aurora Cannabis Inc. agreeing to acquire MedReleaf Corp. for $2.9 billion ($2.27 billion U.S.). Canada has emerged as a global leader in the pot industry as it becomes the first Group of Seven country to legalize the drug for recreational use later this year. Article Continued BelowAt the same time, there’s still plenty of options for smaller Canadian firms, he said. “The smaller guys and the guys in the middle need to decide what their strategy is,” Daviau said.

Source: thestar May 15, 2018 16:34 UTC