There were 33 transactions in the North American Cannabis sector in December 2019, including 20 private placements, 5 public offerings, 6 mergers & acquisitions and 2 shelf registrations, with a total value of C$587 million. Total deal volume decreased by 25% over December 2018 and transaction value decreased by 27%.
This week the U.S. Food and Drug Administration (FDA) issued warning letters to 15 companies for illegally selling products containing CBD in ways that violate the Federal Food, Drug, and Cosmetic Act.
There were 41 transactions in the North American Cannabis sector in November 2019, including 28 private placements, 3 public offerings, 8 mergers & acquisitions and 2 shelf registrations, with a total value of C$0.8 billion. Total deal volume decreased by 37% over November 2018 and transaction value decreased by 64%.
On November 12, Scott was a presenter at the International Factoring Association Conference in Toronto covering topics around lending to cannabis companies.
