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 11/04/2022
Week ended 11/04/2022
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M&A Transactions Commentary
Week ended 11/04/2022
The Most Interesting M&A Deal of the Week:
- On November 1, 2022, Urban-gro Inc. (UGRO: Nasdaq) announced that it had closed its acquisition of substantially all of the assets of Dawson Van Orden (“DVO”), a Texas engineering firm with significant experience in Controlled Environment Agriculture (CEA). The purchase includes two retail locations in Prince George and Cranbrook, BC.
- The consideration of $6.1M was all paid through a combination of $1.1 Million UGRO stock, $1.2M of Cash, and a seller’s note for $3.8M.
- DVO generated approximately $5.5M of revenues with greater than 20% EBITDA margins for the LTM ended September 30, 2022, for an EV/ revenue multiple of 1.1x.
Week ended 11/04/2022
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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.