Savvy Companies Make Acquisition Moves in Booming Cannabis Industry
CannabisNewsWire Editorial Coverage: As the cannabis sector consistently shows impressive growth, acquisitions within the market allow cannabis companies to develop greater vertical integration. Cannabis companies are looking to acquire other organizations to strengthen specialist knowledge and skills. Similar moves have led to impressive success in industries such as coffee production. The strength of the cannabis market is also attracting other additional investment. Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile) is following the vertically integrated model, having recently acquired a company specializing in cannabis processing machinery. Canopy Growth Corporation (NYSE: CGC) finalized an all-cash transaction to acquire one of the world’s most…