 | Member ID: its028@gmail.com Member Since: November 2018 Rewards Points: 800 View Your Benefits APRIL 20, 2019 |  | How Cannabis "Merger Mania" Is Minting Millionaires By Greg Miller, Director of Cannabis Investing Research, Money Morning North America is slowly pushing toward full cannabis legalization. Canada's all the way there; 33 U.S. states and the District of Columbia have legalized; Mexico is on track to legalize before 2021...
... All of which means we are going to see more publicly traded cannabis firms than ever before.
In a market like this, it also means if one cannabis company is especially good at something, it's probably going to get acquired - or receive an acquisition offer.
We're still in the first inning of the cannabis ball game.
As the cannabis industry matures, it's going to look a lot like the beer market, with a few big players like Constellation Brands Inc. dominating the industry.
To grow, big cannabis companies will buy smaller companies. There will still be room for smaller players to operate, but we're going to see a lot of consolidation moving forward.
And to own these smaller players, smart executives working for the big guys are going to offer a lower premium from where the stock price is trading.
That means a company may only be willing to pay 5% or 6% more from where a stock is trading to make an acquisition.
For long-term shareholders, that lowballing approach is a good thing, as it's going to help create the nest egg that you deserve...
Click here for the story, and you'll be subscribed FREE to Cannabis Profits Daily updates on America's most lucrative, controversial sector...
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