Cannabis Companies Prepare for Explosive Growth Following Federal US Legalization - Seite 3

Sundial Growers Inc. (NASDAQ:SNDL) completed the previously disclosed acquisition of Inner Spirit Holdings Limited by acquiring all the issued and outstanding common shares of Inner Spirit. This transaction sets Sundial as one of Canada's largest vertically integrated cannabis companies and gives the company a strategic entry into the cannabis retail sector. This acquisition will also strengthen the company's retail expertise thanks to Spiritleaf's reputation as an industry leader through its sales, support, customer benefits, and employee training initiatives.

GrowGeneration Corp. (NASDAQ:GRWG) has signed an asset purchase agreement to acquire HGS Hydro, which has six stores across Michigan and a third store scheduled to open in the fall of 2021. The company, which provides hydroponic and organic garden centers for other companies, expects to complete the asset by the end of the fiscal year 2021. Once complete, the transaction will expand GrowGeneration's hydroponic garden centers to 65 (14 in Michigan) making GrowGeneration one of the largest chains of hydroponic garden centers in the nation.

With governments moving closer to the legalization of cannabis, companies such as Sixth Wave Innovations Inc. (CSE:SIXW) (OTCQB:SIXWF) are preparing themselves to enter the market through collaborations with major players in the extraction space.

For more information on Sixth Wave Innovations Inc., click here.

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