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 05/26/2023
Week ended 05/26/2023
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M&A Transactions Commentary
Week ended 05/26/2023
The Largest M&A Deal of the Week:
- On May 23, 2023, Lowell Farms (LOWL: CSE)(LOWLF: OTCQX) announced closing a $19.4M sale-leaseback transaction on its drying and midstream processing facility in Monterey County, CA.
- Lowell entered a 10-year lease with the buyer, New Wilston Associates, for the 10-acre, 40,000 sq. ft facility.
- The transaction included approximately $9.1M of cash and $10.3M of assumed mortgage debt and accrued interest liabilities.
- Separately, Lowell announced a delay in closing the previously announced deal to sell certain I.P. assets to existing noteholders in return for debt forgiveness. The transaction was previously scheduled to close by May 15 but will close by the quarter’s end.
Week ended 05/26/2023
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.