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 11/08/2024
Week ended 11/08/2024
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M&A Transactions Commentary
Week ended 11/08/2024
- The Week’s Most Important Closed M&A Transactions:
- On November 7, 2024, Mint/Shango, a J.V. of two private multistate operators, Mint Cannabis and SHANGO, closed its acquisition of 14 Florida dispensaries and two cultivation facilities from the Cannabist Company.
- The total consideration of $5M included $3M of cash and a $2M seller note.
- Cannabist gained some much-needed liquidity and shed operations that were money losers. Meanwhile, the J.V. looks to turn the properties profitable by better balancing its total cultivation capacity versus retail sell-through.
Week ended 11/08/2024
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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.