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 05/10/2024
Week ended 05/10/2024
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M&A Transactions Commentary
Week ended 05/10/2024
- The Largest Closed M&A Deal of the Week:
- On May 9, 2024, C3 Industries, a private MSO with operations in Illinois, Massachusetts, Michigan, Missouri, and New Jersey, closed a $16M sales leaseback on a 58,500 square-foot industrial property in East Hartford, CT with NewLake Capital Partners. The facility is expected to make products for C3’s premium cannabis brands.
- NewLake’s investment equates to approximately $273 per square foot.
- NewLake is well acquainted with C3, having previously invested $34M in the C3 Missouri cultivation operation in 2022.
- NewLake’s $4M purchase price for the facility will be followed by renovations planned for $12M.
Week ended 05/10/2024
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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.