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 10/27/2023

Week ended 10/27/2023

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M&A Transactions Commentary

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.

Week ended 10/27/2023

  • The Most Interesting M&A Deal of the Week:
  • On October 23, 2023, Cybin (CYBN: NYSE), the fourth largest psychedelics company in the Viridian Value Tracker database, completed its acquisition of Small Pharma (DMT: TSX).
  • The consideration includes $37.91M in Cybin shares, representing 4.4x Small Pharma’s book value as of May 2023. The multiple paid is significantly higher than the median market-to-book of 0.85x for the peer group.
  • Small Pharma has a complementary research program in DMT and deuterated DMT molecules for use in the treatment of depression. The two companies have “multiple opportunities” for operational and cost synergies.

Week ended 10/27/2023

This is the MA basic

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