M&A Activity
The latest mergers, acquisitions, and strategic partnerships transforming the cannabis sector.
M&A Activity · page 2
- M&A Activity
Vireo Growth Agrees to Acquire C21 Investments in All-Stock Nevada Consolidation
Vireo Growth (CSE: VREO) has agreed to acquire C21 Investments in an all-stock transaction that will extend its Nevada presence to 15 dispensaries and 158,000 square feet of cultivation and manufacturing capacity.
- M&A Activity
Sanity Group Deepens Swiss Footprint With Astrasana Distribution Deal
Sanity Group has announced a new distribution partnership with Swiss cannabis operator Astrasana Holding AG, further expanding its footprint in the closely watched Swiss market.
- M&A Activity
Emblem Cannabis Completes Acquisition of Ayurcann for CA$5.5m
Emblem Cannabis Corporation, a wholly-owned subsidiary of Red White & Bloom Brands (CSE: RWB), has completed its acquisition of insolvent Canadian cannabis company Ayurcann, picking up a Health Canada-licensed manufacturing facility, three consumer brands, and distribution across eight Canadian provinces for total consideration of CA$5.5m.
- M&A Activity
AYR Wellness Completes Asset Handover as MSO Sector’s Largest Collapse Draws to a Close
AYR Wellness (CSE: AYR.A) has finalised the transfer of its Florida, New Jersey and Nevada cannabis operations to Arboretum Bidco LLC, bringing the state-by-state handover of assets to a close in what amounts to the largest restructuring in multi-state operator (MSO) history.
- M&A Activity
Cannabis Telehealth Platform Veri Medtech Sets Terms for $15m Nasdaq IPO
Veriheal parent Veri Medtech Holdings has priced a $15m IPO at $4 per share, with plans to uplist from the OTC market to Nasdaq.
- M&A Activity
Cannara Biotech Acquires Medican Organic in $2.8m Deal, Cementing Quebec Cultivation Footprint
Cannara Biotech has completed its $2.8m all-cash acquisition of Medican Organic, finalising ownership of the Valleyfield cultivation operation it first acquired in 2021.
- M&A Activity
ACE Venture Completes 51% Acquisition of Vireo Health New York, Launching Boukét Cannabis Lifestyle Brand
ACE Venture has closed its 51% acquisition of Vireo Health New York, taking control of the vertically integrated medical operator and unveiling Boukét as a new cannabis lifestyle brand for the state.
- M&A Activity
Nabis Acquires Hudson Distribution Licence to Enter New Jersey Cannabis Market
Cannabis wholesale platform Nabis is acquiring Hudson Distribution Services’ New Jersey distribution licence and warehouse lease, marking its entry into a fourth US state.
- M&A Activity
Vireo Growth Acquires FLUENT in All-Stock Deal, Expanding Florida Cannabis Footprint
Cannabis multi-state operator Vireo Growth has agreed to acquire Florida-based FLUENT in an all-stock deal, creating a combined operator with around 74 stores in the state and accelerating consolidation across US MSOs.
- M&A Activity
Curaleaf Completes Full Acquisition of Germany’s Four 20 Pharma
Curaleaf Holdings has completed the buyout of the remaining 45% stake in Four 20 Pharma GmbH, making the Paderborn-based medical cannabis producer and distributor a wholly owned subsidiary of the international cannabis giant.
- Interviews
‘Thoughtful, Prudent, Patient’ – Why Village Farms Is Sitting Out the M&A Rush
The M&A scramble for Europe has continued at a fearsome pace over the last few weeks.
- M&A Activity
Has Rescheduling Accelerated the Cannabis M&A Wave?
Last week’s rescheduling announcement has placed a spotlight firmly on the medical cannabis arms of North America’s largest operators.
