Sun Theory marijuana operator acquires Terrapin’s Colorado stores
Sun Theory Holding Co., a Denver-based vertically integrated marijuana operator, acquired five of Terrapin Care Station’s retail locations in Colorado for an undisclosed sum.
Sun Theory Holding Co., a Denver-based vertically integrated marijuana operator, acquired five of Terrapin Care Station’s retail locations in Colorado for an undisclosed sum.
Multistate operator Red White & Bloom Brands has moved forward with its bid to buy Aleafia Health, months after a failed attempt to acquire the insolvent Canadian cannabis producer.
While some marijuana companies are exiting California’s difficult, regulated market – Curaleaf Holdings is among the most notable – others big and small are staying focused on the state and have plans to grow in 2023.
Phoenix-based hemp and CBD retail and distribution company 1606 Corp. raised up to $20 million through an equity financing agreement with GHS Investments.
TerrAscend entered a definitive agreement to acquire a Maryland medical cannabis dispensary for $11.7 million, a deal that will enable the multistate operator to complete a vertical operation in the state.
Florida-based marijuana multistate operator Jushi Holdings bolstered its operations in Nevada, closing on its previously announced agreement to acquire NuLeaf for up to $53.6 million in cash and stock.
A Canadian investment firm bankrolled by a unit of lawn and garden giant Scotts Miracle-Gro agreed to purchase New York-based marijuana company Etain Health for $247 million.
Marijuana multistate operator Curaleaf Holdings finished up its previously announced acquisition of vertically integrated Arizona cannabis company Bloom Dispensaries.
MJBiz has been acquired by Emerald X, a wholly owned subsidiary of Emerald Holding, a New York-based business-to-business event and media company, for $120 million in cash plus potential earnouts.
Marijuana merger and acquisition activity proceeded at a torrid pace in 2021 – and could accelerate in 2022 – thanks to lower interest costs and pressure on larger companies to expand their footprints and boost revenue.
Chewing gum heir William “Beau” Wrigley Jr.’s marijuana multistate company Parallel and music mogul “Scooter” Braun’s Ceres Acquisition Corp. mutually called off their $1.9 billion blockbuster merger, gumming up Wrigley’s plans to take his MSO public.