Recent M&A good news for Europe’s cannabis market

Author: Jimmie Franklin | Published: 12 Jun 2019

Although it remains a contentious issue state by state, interest in the European cannabis market is growing.

According to Andy Morrison, chairperson of Spinnaker Management, a cash shell company focused on the cannabis processing industry, "the direction of travel is set, and the question that remains is how rapidly – and in what direction – the different segments will move".

The growth of the burgeoning industry can be seen in recent cross-border deals. For instance, Canada’s Canopy Growth Corporation, which undertook a €225.9 million acquisition of German-owned firm Cannabinoid Compound Company (C3).

The acquisition represents one of, if not the largest cannabis-related M&A deals in Europe ever.

Nils Rahlf, partner at Norton Rose Fulbright who worked on the deal, said that while it was fairly complex, it was also a strategically important deal in the European cannabis market – which has the potential to, and already...