Vertical Integration Offers Profit Potential within Growing Cannabis Industry
HempWire Editorial Coverage: As the cannabis industry continues its impressive growth, acquisitions are leading to greater vertical integration. Companies within the cannabis sector are acquiring other organizations to benefit from valuable specialist knowledge and skills. Such deals allow vertically integrated value chains, as have also been applied in industries such as coffee production. This comes amid wider growth in the sector, which is drawing substantial outside investment. Youngevity International Inc. (NASDAQ: YGYI) (YGYI Profile) is following the vertically integrated model, having recently acquired a company specializing in cannabis processing machinery. Tilray Inc. (NASDAQ: TLRY) is expanding its Canadian production facilities…