Replies to post #23439 on Puration Inc (PURA)

[Fabfabulous]

PALM BEACH, Florida, Feb. 27, 2019 /CNW/ --Companies grow by increasing their revenues… some do it organically by ratcheting up their sales internally, others grow by acquiring other businesses and adding the acquired company's sales into their revenues. Most industry insiders feel that the now is the time that we will see more of the latter. An article released on Yahoo addressed this coming trend: "This past October, Canada ended nine decades of recreational-marijuana prohibition and became the first industrialized country in the world to legalize adult-use weed. Soon after, a number of U.S. states legalized medical pot or expanded its use to adult consumers. Then, in December, the groundbreaking Farm Bill was passed in the U.S., giving the green light to hemp and hemp-based cannabidiol products.  This sort of perfect storm of marijuana (and hemp) momentum has led to some very robust growth estimates for the industry. A co-authored report from Arcview Market Research and BDS Analytics that was recently released calls for 38% global sales growth in 2019, and a more than doubling in global revenue between 2018 and 2022 to $31.3 billion. This expectation of rapid growth, coupled with extraordinary demand from consumers in Canada and in select legal U.S. states, has been the impetus behind a wave of cannabis acquisitions throughout North America.  Active companies in the industry making moves to ready that include:  Choom™ Holdings Inc. (CSE:CHOO) (OTC:CHOOF - News), Aurora Cannabis Inc. (NYSE:ACB - News) (TSX:ACB.TO - News), Canopy Growth Corporation (NYSE:CGC - News) (TSX:WEED.TO - News), MedMen Enterprises Inc. (CSE:MMEN) (OTC:MMNFF- News), Fire & Flower Holdings Corp. (TSX-V: FAF) (OTC:FFLWF - News).
A Forbes article revealed more about the coming acquisition marker surge: "Right now, the biggest deals are happening in Canada… Back in the states, the numbers are smaller but the market is no less busy… While that means many small companies are now attractive acquisition targets, it also means that big alcohol and pharmaceutical companies will be sniffing around Canadian cannabis companies… expect to see more M&A activity among established U.S. companies in the hopes that they will become big enough to fend off the larger competition when it inevitably comes calling."