The chairman of Aphria (NYSE:APHA,TSX:APHA) has clarified his stance on a takeover bid from Green Growth Brands (GGB) (CSE:GGB) as the multi-state operator commits to its proposed strategy.
With the recent advent of new products with cannabidiol (CBD)-infused formulas hitting the market, the potential for the next big entry into the cannabis sector could come from a personal care products giant. A potential partnership with a personal care products major could come through one of the companies is developing new CBD products, such as The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF), Canopy Growth Corp. (NYSE:CGC) (TSX:WEED), Charlotte’s Web Holdings, Inc. (OTC: CWBHF) (CSE: CWEB), Green Growth Brands (CSE:GGB) (OTC:GGBXF), and Tilray, Inc. (NASDAQ:TLRY).
Despite regulation differences across each of the legal marijuana markets (and those possibly soon to be legal), the advantages for vertical integration in the cannabis sector are growing. Several companies are seizing upon opportunities at different levels of the seed-to-sale supply chain including Abattis Bioceuticals Corp. (CSE:ATT) (OTC:ATTBF), Canopy Growth Corporation (TSX: WEED) (OTC: TWMJF), Aurora Cannabis Inc. (TSX: ACB) (OTC: ACBFF), Green Growth Brands (CSE:GGB)(OTC:XTHCF), and The Scotts Miracle-Gro Company (NYSE:SMG).
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