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 10/11/2024

Week ended 10/11/2024

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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 10/11/2024

  • The Week’s Most Important Closed M&A Transactions:
    • Canopy USA, LLC exercised its option to acquire Wana Brands from Nancy Whiteman for approximately $300 million. The agreements are structured as three separate option agreements whereby Canopy Growth has a call option to acquire 100% of the membership interests in each Wana Entity. As consideration for entering into the agreements, Canopy USA, LLC will make an upfront cash payment in the aggregate amount of $297.5 million. Upon exercise of the right to acquire each Wana Entity, Canopy USA, LLC will make a payment equal to 15% of the fair market value of such Wana Entity at the time the option is exercised. As additional consideration for the right to acquire each Wana Entity, Canopy USA, LLC may make additional deferred payments in respect to each Wana Entity as of the 2.5 and 5-year anniversary of the Upfront Payment, less certain deductions.

Week ended 10/11/2024

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