Yesterday, Aphria (TSE: APH) announced plans to buy Nuuvera (CVE: NUU) for C$826 million.

Aphria is the third most valuable Canadian cannabis company, with a market value around C$3 billion.

Nuuvera went public on Jan. 9 and started trading around $5. Just three weeks later, the company is being acquired.

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Aphria offered C$8.50 per share, a 21% premium to the recent share price. Shares of Nuuvera closed yesterday at C$7.73. The stock is also listed on the OTC BB with the ticker symbol “NUUVF.”

The acquisition builds upon a partnership between the two companies. The deal will help Aphria expand its global footprint to countries including Germany, Italy, Spain, the United Kingdom, Israel and Uruguay.

The deal is the latest in a string of multi-million-dollar acquisitions.

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Canadian Cannabis Companies: Eyes on Global Markets

Canada’s market for legal cannabis is expected to multiply from around C$300 million today to C$8 billion by 2021.

Canada has been a first mover in the legalization movement. However, the country is relatively small; its population is just 36 million.

Companies in Canada are among the most advanced and innovative, thanks to the broad support from the government. Many of these companies have been legally growing cannabis for several years, allowing them to develop the best methods for maximizing crop yields.

These Canadian licensed producers aim to dominate the local market. However, they are also keenly interested in establishing overseas operations independently or through partnerships with local firms.

The export of Canadian cannabis is estimated to grow to a C$1 billion market. However, the bigger opportunity exists through the formation of international partnerships, allowing these Canadian companies to have an equity stake in production around the world.

Now’s a great time for investors to build positions in the best Canadian cannabis stocks.

My analysis suggests that the next huge run up in share prices will occur as we approach July 1. That’s when the recreational sale and use of cannabis will be completely legal in Canada.

Right now, I’m BUYING Canadian cannabis stocks.

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Yours in Profits,
Ian Wyatt

Published by Wyatt Investment Research at