Canada, Cannabis, Tariffs, Takeouts and Toronto 2026 Preview with Mathieu Martin, Ryan Irvine and Teagon Murray

Canadian microcap investors see cannabis maturing institutionally while takeouts outpace IPOs amid depressed public valuations and surprising tariff resilience.

• Cannabis gaining institutional respect: Rivemont's cannabis-heavy fund is up 14% YTD through September; banks are now stepping into lending facilities and sell-side analysts are initiating coverage, a shift from prior years.
• Takeouts outpacing IPOs: TSXV equity raises rose ~135% and secondaries ~360% through May 2026, but four microcap takeouts occurred in September alone (Revolve Renewable Power, Sangoma, Plurilock, Christina Lake Cannabis LOI), reflecting depressed public valuations versus private markets.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.