There’s a shakeout coming to the Canadian cannabis industry and midsized companies may find it hardest to survive, according to the new president of Aphria Inc.
“There will be a group of companies at the top, the big producers, and some smaller producers at the bottom, like craft beer,” Jakob Ripshtein said in an interview at Bloomberg’s Toronto office. “I suspect there will be some in the middle who will be very challenged to stay around.”
Canada legalized recreational marijuana on Oct. 17 and many in the industry believe it’s headed for a wave of consolidation as companies adjust to the realities of the market.
Top photo courtesy of Adobe Stock
