How Cannabis Companies Can Thrive: ‘Cash Capital Is Tough To Find,’ But Partnerships Hold The Key
At the recent Benzinga Cannabis Capital Conference, Tony Schor, CEO of Investor Awareness, offered a candid look into the challenges and opportunities facing cannabis companies, particularly in the realm of mergers and acquisitions (M&A). Schor, a seasoned expert in the cannabis industry, discussed how companies are navigating financial obstacles while finding creative ways to secure capital and expand in a tightening market.
M&A Activity Picks Up in Cannabis
Schor pointed to a renewed focus on companies with strong revenue streams as mergers and acquisitions gain traction. “People are looking for revenue-producing, not necessarily distressed, but revenue-generating cannabis companies,” he said, noting that investors are accumulating these assets for future sales opportunities.
Schor emphasized that the M&A landscape is changing. “It’s not necessarily the large MSOs doing the transactions, but new independents and cannabis operators who have left and now are coming back to the space,” he said.
Capital Challenges Remain a Major Hurdle
A recurring theme in Schor’s discussion was companies’ difficulty securing …