US cannabis firms have been striking deals to acquire new brands, diversify their offerings and boost production capacity. Recent movers include California’s High Times and Bloomios, while two Oregon firms have teamed up.
LA-based cannabis retailer High Times bought the multi-state operator Moxie. Bloomios completed the $23.5m acquisition of the Colorado-based CBD gummies brand Infusionz; and cannabis growers East Fork Cultivars announced its partnership with product manufacturer Peak Extracts.