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 08/11/2023
Week ended 08/11/2023
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M&A Transactions Commentary
Week ended 08/11/2023
- The Largest M&A Deals of the Week:
- On August 9, 2023, Medicine Man Technologies (SHWZ: OTCPK) completed the acquisitions of two Colorado retail dispensaries from Smokey’s Cannabis.
- The total consideration of $6.2M was paid as $3.75M cash and 2,88M shares valued at $2.45M.
- Medicine Man’s 2nd quarter results show a reduction in credit quality. The company’s liquidity score is down from 1.59x to 1.48x, and its Total Liabilities/ Market cap has increased from 3.7x to 5.4x. The latter is a significant move that we will monitor closely.
Week ended 08/11/2023
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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.