Tag: CBT > Business Issues/ Benchmarks > Mergers and Acquisitions: Page 16

Vendor News

Agrify Acquires Precision Extraction Solutions and Cascade Sciences, Two of the Leading Cannabis and Hemp Extraction, Post-Processing, and Testing Equipment and Services Companies

The base purchase price of $50 million for the acquisition expands Agrify’s offerings into the flourishing post-harvest segment of the supply chain, positioning the company as the most vertically integrated total solutions provider for its customers.

October 5, 2021

Colorado

Curaleaf Closes $67M Acquisition of Colorado Outdoor Cultivator

The deal expands the company’s outdoor cultivation capacity with 66 acres in the second largest U.S. cannabis market.

October 4, 2021

Pennsylvania

Ayr Wellness Closes Acquisitions of PA Natural Medicine, LLC, Provides Update on Warrant Acceleration

The acquisition adds three dispensaries to Ayr's Pennsylvania footprint.

October 4, 2021

Arizona

Trulieve Completes Acquisition of Harvest Health, Creating the Largest and Most Profitable U.S. Cannabis Operator

Florida’s largest medical cannabis company is now the nation’s biggest operator across a combined retail and cultivation footprint after closing the $2.1-billion deal.

October 1, 2021

Mergers and Acquisitions

Acreage Holdings Acquires Cultivation, Processing and Retail Operations in Ohio

The deal establishes vertically integrated operations including a 70,000-sqaure-foot cultivation and processing facility and five operating retail stores.

October 1, 2021

Finance

The Fight to Raise Capital

Wanda James of Simply Pure Dispensary describes her challenges when raising capital for her cannabis business and what the industry needs to change to be more equitable and inclusive.

September 24, 2021

California

Glass House Brands Completes 5.5-Million-Square-Foot Southern California Greenhouse Facility Acquisition

The amended purchase agreement reduces price by $25 million.

September 15, 2021

Massachusetts

Cresco Labs Closes Acquisition of Cultivate, Strengthens Position in Massachusetts

The acquisition includes approximately 42,000 square feet of active flowering canopy, bringing combined canopy in-state to approximately 64,000 square feet.

September 3, 2021

Mergers and Acquisitions

HEXO and 48North Announce Closing of Arrangement

HEXO has acquired all of the issued and outstanding common shares of 48North by way of a court-approved plan of arrangement under the Canada Business Corporations Act.

September 2, 2021

Florida

Planet 13 Enters Into Definitive Agreement to Acquire Florida Cannabis License

The company will purchase a Medical Marijuana Treatment Center license from a subsidiary of Harvest Health & Recreation.

September 1, 2021

Ohio

Jushi Holdings Inc. Completes Previously Announced Acquisition of Licensed Processor in Ohio, Announces Debut of the First in a Series of Cannabis Brands in Ohio

The move solidifies Jushi's presence in the Ohio market with high-quality cultivation and processing assets.

August 26, 2021

Mergers and Acquisitions

Tilray Acquires Majority Position in Amended MedMen Convertible Notes

The investment provides Tilray a potential accelerated path into the U.S. cannabis market upon federal legalization.

August 18, 2021