Marijuana Industry Acquisitions on the Rise as Companies to Diversify Portfolios, Increase Revenue Streams
Canada’s Vinergy Resources (VNNYF) is also taking active steps toward growing its product portfolio to become a key player in the global cannabis industry. Late last year, the company announced plans to acquire MJ BioPharma, a cannabis technology company focused on the development of new extractions and formulations for medicinal and recreational use, both domestically and internationally.