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 03/29/2024
Week ended 03/29/2024
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M&A Transactions Commentary
Week ended 03/29/2024
- The Largest M&A Deal of the Week:
- On March 25, 2024, Standard Wellness Holdings, LLC acquired the Cannabist pharmacy in Springville, UT.
- The acquisition makes the company vertically integrated in the state.
- The acquisition was completed using cash and a seller’s note; however, the transaction price was not disclosed.
- Utah has an adult population of 2.29 million with projected total legal cannabis sales of between $135M -160M. This would give sales per adult between $59 and $70, figures that are pretty low but consistent with the fact that the state does not allow either smokeable products or edibles. There is clearly room for significant growth as allowable diagnoses and form factors liberalize over time. There has been little discussion of adult use in the state.
Week ended 03/29/2024
This is the MA basic
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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.