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 05/31/2024
Week ended 05/31/2024
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M&A Transactions Commentary
Week ended 05/31/2024
- The Largest Closed M&A Deal of the Week:
- On May 30, 2024, Village Farms Intl. (VFF: Nasdaq)(VFF: CSE) announced the increase of its ownership of Quebec-based Rose Life by 10% to 80%.
- The transaction amount was $2.99 million for 10% of the company, implying a total valuation of $29.99M. VFF bought 70% of Rose Life for $37.1M in November 2021, indicating a total value of $53M. If we ascribe a 20% control premium to the earlier purchase, we get a total pre-premium value of $44M.
- Although this implies a 17% decline in value, it’s actually quite bullish. Which other cannabis companies’ value is down less than 17% since November 2021?
Week ended 05/31/2024
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.