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 02/16/2024
Week ended 02/16/2024
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M&A Transactions Commentary
Week ended 02/16/2024
- The Largest M&A Deal of the Week:
- On February 12, 2024, Christina Lake Cannabis Corp. (CLC: CSE), a $4M market cap, Canadian producer of high-quality extracts and sun-grown cannabis, announced the closing of the acquisition of assets from a British Columbia corporation for total consideration of $3M.
- The acquisition included outdoor cultivation facilities in Midway, BC, related harvesting and manufacturing equipment, and approximately 19,000 kg of biomass.
- The purchase price was paid through a 5-year secured promissory note that pays 10% interest for year 1, 15% interest for year 2, and 20% interest for the remaining three years. The note is convertible at C$.05 per share (0% premium).
Week ended 02/16/2024
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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.