Friends, I wanted to share with you an article I read today on New Cannabis Ventures by Mitch Baruchowitz of Merida Capital Partners about the recent Constellation deal with Canopy. He’s hitting on many of the reasons I’ve expressed (though he’s much more eloquent) on why this is such an important move for the industry. He touches on the point that I’ve expressed with some of you that, to me, the most interesting thing about the deal is that Goldman and Merrill lent into the deal, suggesting that there’s no stigma (when a fee is involved, i-bankers don’t care) – the only thing holding back major corporations and institutional capital in the US is the Federal ban. This should be seen as a clarion call to the wine/spirits/beer industries.
Written by: Marc Hauser