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 Closed M&A Transactions:
- On October 28, 2025, Highway Cannabis Company (Private), a California operator with three retail locations, closed on its acquisition of Pleasantrees, an integrated Michigan operator with five retail locations and a 50k sq ft cultivation facility. The transaction amount and proceeds breakout were not disclosed.
- This is an intriguing deal. Jumping from California to another hyper-competitive market, Michigan, just as the new excise tax regime is about to take effect, is certainly a bold move. And while we understand the allure of well-managed retail locations in Michigan, we are less convinced of the need for vertical integration in this market.
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.