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 June 9, 2025, Vireo Growth (VREO: CSE)(VREOF: OTCQX) announced that it had closed its previously announced transaction to acquire Nevada-based Deep Roots Holdings.
- Deep Routes operates a 54,000 sq ft cultivation and manufacturing facility, along with ten dispensaries, and has made debt and equity investments in California, Ohio, and Massachusetts.
- The transaction was an all-stock deal for $132.7 million, representing 4.175 times the 2024 “Closing EBITDA” of $30 million.
- The consideration is subject to a clawback provision if 2025 EBITDA is below “Closing EBITDA.
- The chart below shows that the 4.175x multiple is slightly below the 4.78x median multiple of the four companies in our database, which have a market capitalization between $50M and $150M.
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.