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 09/01/2023
Week ended 09/01/2023
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M&A Transactions Commentary
Week ended 09/01/2023
- The Largest M&A Deal of the Week:
- On August 28, 2023, Silo Wellness (SLFF: OTCQB), which currently offers psilocybin wellness retreats in Jamaica, completed its acquisition of NUGL Inc. (NUGL: OTC)/Kaya Group for consideration of $26.9M in stock.
- The consideration represents approximately 10.45x NUGL’s annualized revenues.
- Kaya Group owns three Herb House retail locations, a wellness center, and one of the country’s first legal medical marijuana dispensaries, along with operations that develop and process psilocybin mushrooms. NUGL operates a platform that offers targeted networking and advertising for cannabis companies.
Week ended 09/01/2023
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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.