Last year was a monumental year for merger and acquisition activity. Records worldwide weren’t just broken, they were smashed by M&A activity reaching a stunning $5.9 trillion, up 64% from 2020 while representing the highest volume since 1980. More than 63,000 M&A transactions were completed as companies found new avenues to growth against the backdrop of a lingering COVID-19 pandemic, rising inflation and disrupted supply chains. The sharpest increase in deal flow came from the United States. which experienced an 82% surge. Companies from all different sectors and industries joined forces to position for continued future success, including diversified CPG wellness company Flora Growth Corp. (NASDAQ: FLGC) (Profile), which recently made a significant acquisition to fuel expansion into the U.S. market. Constant consolidation is rampant involving a wide variety of well-known names, including Microsoft (NASDAQ: MSFT), Activision Blizzard (NASDAQ: ATVI), NVIDIA (NASDAQ: NVDA) and Pfizer Inc. (NYSE: PFE).
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About Flora Growth Corp.
Flora is building a design-led collective of plant-based wellness and lifestyle brands that delivers the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. For more information about the company, please visit www.FloraGrowth.ca.
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