National Post (National Edition)

I PLAN TO BE ONE OF THE TWO TO THREE MULTINATIO­NAL COMPANIES STILL STANDING …

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such as Aurora Cannabis have launched takeovers while others such as Cronos Group are listing on the Nasdaq Stock Market to boost internatio­nal exposure. Share prices in the industry have tumbled since the beginning of the year, however, amid overvaluat­ion concerns.

Hydropothe­cary, based for acquisitio­ns.

The company, which won a licence to sell medical marijuana in 2015, has a market capitaliza­tion of about $696 million compared with about $6.4 billion for Canopy Growth Corp., Canada’s largest pot company by market value, which has operations in seven countries.

Yet the preliminar­y supply

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