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 06/21/2024
Week ended 06/21/2024
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 06/21/2024
- The Largest Closed M&A Deal of the Week:
- On June 18, 2024, Haven Nectar LLC (Private) acquired People’s First Choice, an owner and operator of a retail dispensary in Santa Ana, California, from Blum Holding.
- The total transaction consideration of $24.8 million included $9M in cash and $15.84M in assumption of liabilities. The cash from the transaction was all used to settle the debt at significant discounts and litigation.
- The transaction results in the extinguishment of $44.46M of Blum’s liabilities and reduces Blum Holding’s debt by over 55%.
- Viridian dropped Blum holdings from our weekly credit ranking about three months ago as the company’s financial situation appeared beyond saving. As further financial information is released, Viridian may consider placing Blum back in the ranking system.
Week ended 06/21/2024
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.