Shortly after Christmas, Columbus, Ohio-based cannabis operator Green Growth Brands made a hostile bid for Canadian cannabis firm Aphria, which reportedly valued the latter at $2.06 billion. Recently, Peter Horvarth, CEO of GGB, took a breather from his harried schedule to discuss why his firm is so bullish about Aphria. Iris Dorbian: So why has GGB zeroed in on Aphria and not another Canadian cannabis company? Dorbian: If GGB is foiled in its attempt to acquire Aphria, will it be eyeing another Canadian cannabis company for acquisition? Even when we bought our first asset and launched our company, we’ve been shopping for good acquisitions targets.

Source: Forbes January 03, 2019 18:22 UTC