Ning: Well-capitalized Canadian public companies will drive US cannabis consolidation
Vincent Ning · Cannabis Startup Founders David Hua and Vincent Ning on Legalization, Banking, and Industry Trends · Y Combinator · Oct 11, 2018 · at 30:16
Vincent Ning (CEO of Nabis) predicts that Canadian public cannabis firms will drive consolidation in fragmented US cannabis markets.
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“I think part of the whole like consolidation pattern that will Come just because the market's so fragmented right now will be heavily pressurized by Canadian like publicly traded, heavily capitalized companies. Just because they're coming in and they're buying up pieces of licensed businesses in California and other States in the United States, just so that they can have their stake in the ground for the future.”
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