OUR 9TH YEAR OF PROVIDING PROPRIETARY CAPITAL MARKETS INTELLIGENCE ON THE CANNABIS / HEMP / PSYCHEDELIC SECTORS
M&A Transactions
M&A Transaction Chart
Viridian publishes weekly data on M&A transactions in the Cannabis/CBD/Psychedelic industries. This data includes information about the buyer and seller (public/private, state/country location), deal size, deal structure (cash, stock, earn-out), pricing, share information, and deal implied valuation.
Week ended 03/31/2023
Week ended 03/31/2023
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M&A Transactions Commentary
Week ended 03/31/2023
The Most Interesting M&A Deal of the Week:
- On March 27, 2023, AYR Wellness (AYR.A: CSE)(AYRWF: OTCQX), a top 20 MSO by market cap, announced the closing of its sale of Blue Camo, LLC, which comprises its Arizona assets, to AZ Goat AZ, LLC.
- The total transaction value was approximately $47.5M. AYR will receive $20M in cash and eliminate about $15M of lease liabilities and $22.5M of debt from its books.
- AYR’s stock has been punished by market fears surrounding its significant 2024 debt maturities. The sale is vital in improving AYR’s liquidity and reducing its debt.
- AYR originally paid $75.4M for Blue Camo in March 2021.
Week ended 03/31/2023
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Viridian publishes weekly insights on the M&A landscape in the Cannabis/CBD/Psychedelic industries. These insights typically highlight the most interesting/meaningful M&A transactions for that week, and commentary on market conditions, M&A deal structures, target regions for acquirers, and industry sectors ripe for consolidation.