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.
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Please Purchase a Premium or Enterprise membership to see more.
M&A Transactions Commentary
- The Week’s Most Important Closed M&A Transactions:
- On December 9, 2024, Canopy USA LLC (Private), Canopy Growth’s ring-fenced U.S. Holding Company, completed its acquisition of Acreage Holdings, pursuant to the arrangement agreement dated April 18, 2022, as amended by the arrangement agreement dated October 24, 2022. Following the transactions, Canopy will own 100% of Acreage.
- Canopy expects to begin to highlight the value of its U.S. THC assets now that the Acreage Acquisitions is complete.
- The implied enterprise value of $ 247.6M represented 1.40x trailing twelve-month revenues ending 9/30/24 of $176.7M. This is moderately higher than the 1.22x median for the 20 MSOs with over $100M Enterprise Values as of 12/13/24. Arguably, Acreage should trade at a discount to the transaction medians. Acreage will likely require ongoing support from Canopy.
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.