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 04/14/2023
Week ended 04/14/2023
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M&A Transactions Commentary
Week ended 04/14/2023
The Only Closed M&A Deal of the Week:
- On April 10, 2023, Curaleaf Holdings (CURA: CSE)(CURLF: OTCQX), the largest U.S. MSO by market cap, completed its acquisition of Deseret Wellness, the largest cannabis retail operator in Utah.
- The total transaction value was approximately $20M, but the consideration composition was not disclosed.
- Deseret has three retail dispensaries in Park City, Provo, and Payson, Utah, with annual run rate revenues of approximately $14M. Total legal cannabis revenues in Utah for 2022 were roughly $119M.
- The transaction value was approximately 1.4x annualized revenues, in line with the 1.3x median we measure for the 17 U.S. Cultivation & Retail companies in the Viridian Value Tracker database with market caps between $10M and $100M.
Week ended 04/14/2023
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.