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 10/07/2022
Week ended 10/07/2022
This Section is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
M&A Transactions Commentary
Week ended 10/07/2022
The Largest M&A Deal of the Week:
- On October 5, 2022, Curaleaf Holdings (CURA: CSE)(CURLF: OTCQX), the largest U.S. MSO by market cap, announced the closing of its acquisition of Tryke Companies, a private vertically integrated MSO.
- Consideration for the transaction consisted of $10M cash and 2.7M shares at closing and $75M cash and 16.5M shares to be paid in three installments on the 1st, 2nd, and 3rd anniversaries of the closing for a total consideration of $181M (valuing Curaleaf’s shares at $5/sh).
- An additional 1M shares may be paid out in 2023, contingent on Tryke exceeding certain EBITDA targets for 2022.
- Curaleaf said that the transaction is immediately accretive to EBITDA Margins and free cash flow generation.
- Curaleaf gains six dispensaries: four in Las Vegas, Sparks, and Sun Valley, Nevada, and two in Phoenix, Arizona.
- Tryke has a 30,000 sq ft cultivation facility that can expand to 80,000 sq ft.
Week ended 10/07/2022
This is the MA basic
Additional content is available to Premium and Enterprise users. Please purchase a higher tier membership to see more.
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.