- When the bottom fell out for public cannabis companies last summer, appetite for acquisitions quickly soured.
- ” The strategy of buying everything that’s not nailed down because you could, [investors] are not supporting that anymore,” said Scott Greiper, president and founding partner of Viridian Capital Advisors, a cannabis financial and strategic advisory firm that has tracked investment hauls and merger-and-acquisition activity in cannabis since March 2015.
- ” There’s been a very strong recovery from the collapse in capital raises we saw through December of last year,” Greiper said.
- Agrify, a maker of modular indoor cannabis cultivation systems, made a flurry of moves at the close of last year.
Read full article: wraltechwire.com