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 04/07/2023
Week ended 04/07/2023
This Section is Only Available to Higher Tier Memberships
Please Purchase a Premium or Enterprise membership to see more.
M&A Transactions Commentary
Week ended 04/07/2023
The Most Interesting M&A Deal of the Week:
- On April 3, 2023, POSaBIT (PBIT: CSE)(POSAF: OTC), a premier cannabis point-of-sale and payments provider, closed on acquiring certain assets from Hypur Inc.
- The total transaction value of approximately $7.5M was composed of $5.0M in stock, $1.5M upfront cash, and a $1m earnout.
- The transaction value represents a 1.4x multiple of 2022 revenue.
- Hypur adds to POSaBIT’s suite of payment and compliance solutions for cannabis, including Hypur Pay, the leading cannabis ACH e-commerce and mobile payments solution, and Hypur Comply, compliance technology for financial institutions serving the cannabis industry.
- The market reacted favorably to the closing of the Hypur deal, but PBIT has traded down approximately 7% since Akerna Corporation (KERN: Nasdaq) announced it was terminating its acquisition by PBIT in favor of a higher offer from another party.
Week ended 04/07/2023
This is the MA basic
Additional content is available to Premium and Enterprise users. Please purchase a higher tier membership to see more.
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.