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 02/28/2025
Week ended 02/28/2025
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M&A Transactions Commentary
Week ended 02/28/2025
- The Week’s Closed M&A Transactions:
- On February 28, 2025, Simply Solventless Concentrates Ltd. (HASH: TSX), a Canadian provider of terpene-rich cannabis products to discerning customers, completed its acquisition of Delta 9 Bio-Tech Inc., the operator of a 98,000-square-foot GACP-certified cultivation facility in Winnipeg, Manitoba.
- The acquisition price of $3M (net of received working capital of approximately $3M) is approximately 1.2x adjusted annual EBITDA and should be highly accretive.
- The acquisition assures HASH of a consistent supply of high-quality flower and trim for use in the company’s prerolls and concentrate manufacturing.
Week ended 02/28/2025
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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.