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-0.00182731841023301 -0.0042028323435358 0.00137048880767479 0.00045682960255822 0.00456829602558246 0.0158976701690269 0.0293284604842393 0.0252169940612152
Stock impact report

Meet the banks that are leading the flourishing deal market for pot stocks [CNBC]

Tilray Brands, Inc. (TLRY) 
Last tilray brands, inc. earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: CNBC
Tilray A Tilray-owned cannabis farm in Enniskillen, Ontario. Amid the recent volatility in pot stocks, there is one group that appears to be capitalizing on the cannabis industry: the banks advising on a flourishing deal market for these companies. About $582 million has been raised for cannabis companies through initial public offerings to date, while nearly $8 billion in mergers and acquisitions have been inked, according to data provided by Dealogic. An even greater number of deals have been done through less-traditional methods, such as reverse mergers and private placements. That has been a boon to Canadian banks, in particular. Firms from Canada don't typically appear at the top of the so-called league tables — the quarterly and annual rankings of investment banks based on the amount of fees they generate from deals — as those spots are typically taken by large U.S. banks like Goldman Sachs and J.P. Morgan . But when it comes to Show less Read more
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