Bankers circling Europe's growing cannabis market
For European companies, catching up to Canada’s cannabis behemoths won’t be easy
Bloomberg (US)
Tuesday, March 5, 2019
Tuesday, March 5, 2019
Investors who are eager for the cannabis industry in Europe to emulate the boom in pot-stock listings in Canada may not have much longer to wait, judging by the activities of investment bankers. Canaccord Genuity, the biggest underwriter of stock offerings for weed-related companies, has appointed a head of European cannabis investment banking. French bank Bryan Garnier & Co. in the past year started covering the Canadian sector via a Paris-based analyst. To be sure, it may be a good thing that the market has been slower to develop than in Canada, where recreational pot was legalised in October, because it may mean the region avoids the market frenzy that hit North America last fall.
