Medical marijuana corporations all over the world have raised $2.7 billion to date this yr to capitalize on explosive progress in the industry, an virtually 300% improve from the identical time final yr.
More than half that complete, $1.6 billion, was raised in Canada by way of 189 transactions, the Financial Post reported.
The knowledge was compiled by New York-based Viridian Capital Advisors by way of November.
The Viridian Cannabis Deal Tracker additionally discovered that M&A fever is gripping the Canadian marijuana area: This yr’s 78 M&As in Canada alone almost match final yr’s 85 offers worldwide.
In Canada, a lot of the capital raises have been executed via personal placements, however a rising variety of companies are beginning to faucet debt markets in an enormous approach.
To join our weekly Canada marijuana enterprise publication, click on right here.