Pfizer Has Entered The Cannabis Arena

  • December 27, 2021
  • 3:40 PM

#Pharmaceutical giant #Pfizer Inc. is entering the #cannabis space via the $6.7 #billion #acquisition of Arena Pharmaceuticals, Inc. The two publicly-traded companies confirmed that they have signed a definitive agreement under which Pfizer will acquire all outstanding shares of Arena for $100 per share in an all-#cash transaction.