Weekly Roundup on the Cannabis Sector & Psychedelic Sector – Yahoo Finance

Weekly Roundup on the Cannabis Sector & Psychedelic Sector

Key Takeaways; Cannabis Sector

Marijuana multistate operator Jushi to acquire Nevada’s NuLeaf in a deal worth $62.5 million.

Village Farms buys Quebec cannabis producer for CA$46.7 million.

Schwazze acquires a Colorado marijuana store for $4 million and stock; and spends $29 million to acquire two more Colorado cannabis retailers.

WM Technology to acquire marijuana marketing platform Sprout.

Key Takeaways; Psychedelic Sector

According to marijuana research company BDSA, the global cannabis and psychedelic market will be worth more than $100 billion by 2026, growing at a compounded annual growth rate (CAGR) of over 15%. But those numbers could go even higher as more states pass legislation that permits marijuana and psychedelics for medical or recreational use.

Top Cannabis Stocks to Keep a Close Eye On

#1: Jushi Holdings

Jushi Holdings Inc. (OTCMKTS: JUSHF) is a vertically integrated cannabis company that engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts.

The Florida-based multistate marijuana operator announced a deal to acquire NuLeaf, a vertically integrated cannabis company in Nevada. The acquisition is worth up to $62.5 million and is expected to close in the first half of 2022, according to a Wednesday, November 17 news release.

The price tag features a $52.5 million upfront payment that includes: $15.75 million in cash, an unsecured promissory note for the same amount, and $21 million in Jushi subordinate voting shares. Another $10 million – “in an identical percentage combination” of cash, a promissory note, and shares – will be issued “upon the occurrence or non-occurrence” of an upcoming NuLeaf dispensary on the Las Vegas strip receiving regulatory approvals to open for business.

The NuLeaf acquisition comes on the heels of Jushi’s deal to buy Las

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