Industry

The video game industry is quickly expanding with multiple acquisitions as publishers and game developers create new innovative products and services. Growing trends in the industry include live-service games, subscription-based gaming platforms, and ESports offerings [more]

The cannabis industry continues to experience high growth and activity as legal NA markets reach record sales, amid the COVID-19 pandemic. As the U.S. moves closer to regulating cannabis federally, Canadian cannabis companies are seeking various strategies to take advantage of the new market. [more]

In September, CloudMD announced a series of acquisitions to expand its telehealth services. CloudMD spent approximately $19M on three acquisitions, including Benchmark Systems, iMD Health Global, and Snapclarity. [more]

Only 25 of approximately 250 actively traded cannabis stocks fulfill the criteria for inclusion in the equal-weighted munKNEE Pure-Play Pot Stock Portfolio. Only 2 participants’ stock prices were higher in September – Jushi and Ayr Strategies. [more]

Since launching its first product in 2016, Laird has grown revenue from $0.6M to $13.1M in 2019, increasing at a CAGR of 185%. In the same period, gross margins expanded from 25% to 39%. [more]

Earlier this month, Loblaw, through its subsidiary Shoppers, announced a $75M minority stake investment in Maple, a Canadian telemedicine company. The acquisition is expected to expand Shoppers’ virtual healthcare services across Canada. [more]

Melkior has granted Kirkland Lake Gold the right to earn-in up to a 75% interest in the Carscallen Gold Project by spending C$10M in exploration over the next 5 years and then by entering into a Joint Venture agreement with Melkior and spending at least C$100M more in exploration expenditures. [more]

Earlier this month, NVIDIA announced a $40B acquisition of ARM, a U.K. semiconductor company focused on designing CPUs and licensing out IP. SoftBank, a Japanese holding company, acquired ARM for $32B in 2016. [more]