Columbia Care

Marijuana MSOs post strong quarterly results, but investors tepid

All 10 of the largest publicly held marijuana multistate operators posted double-digit revenue growth in the quarter ended June 30, but stock prices remained weak as investors grow impatient with the slow pace of federal marijuana legalization efforts. Four of the largest five publicly held MSOs actually made a profit in the quarter, with Florida-based […]

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Online cannabis sales boom amid COVID-19 spurs delivery-service acquisitions

The explosive growth of e-commerce during the COVID-19 pandemic has propelled new interest in acquisitions involving direct-to-consumer cannabis delivery. Some marijuana companies have acquired delivery-only cannabis dispensaries, while others have spent more to acquire vertically integrated MJ firms with home-delivery operations included. Companies involved in recent delivery-related acquisitions have said that the deals help them: […]

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Investors key in on social equity, sustainability – even in cannabis

While business fundamentals will – and absolutely should – continue to be critical factors in investments, more funds are adapting their models to include activities viewed as beneficial to the broader world, including: Sustainability Social equity The shift isn’t just in cannabis. More individual investors want to ensure their dollars are going to firms that […]

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Cannabis MSO Columbia Care to buy Denver-based Medicine Man for $42M

New York-based multistate operator Columbia Care said Tuesday it agreed to acquire Medicine Man, a vertically integrated marijuana grower and retailer in Denver, in a cash-and-stock deal worth $42 million. According to a news release, the transaction will deliver Medicine Man’s four retail shops and a 35,000-square-foot cultivation facility for $8.4 million in cash and $33.6 […]

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Marijuana MSOs report stellar financials; megamergers could heat up

U.S. marijuana multistate operators reported banner revenue growth in the first three months of this year, boosted by good execution and strong consumer demand in established and newer markets. Many reported double-digit revenue growth in the first quarter of 2021 versus the fourth quarter of 2020 and, in several cases, staggering year-over-year growth. Gross profit […]

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Columbia Care acquires New York cannabis cultivation site for $42.5M

Multistate cannabis operator Columbia Care is spending $42.5 million in cash and stock to acquire a 34-acre cultivation site in its home state of New York. The new location on eastern Long Island includes 740,000 square feet of operational greenhouse space that will be acquired in the second phase of the transaction later this year […]

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Cannabis M&A activity intensifies as investor sentiment brightens since November election

Cannabis mergers and acquisitions are heating up, with more than $600 million worth of deals announced on Tuesday alone – and that’s on top of additional transactions unveiled since the U.S. presidential election last month. New York-based multistate marijuana operator Columbia Care on Tuesday announced a definitive agreement to acquire privately held Green Leaf Medical […]

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Marijuana multistate operators set to capitalize on new markets, but small firms face hurdles

Get insights on cannabis investing and what the post-election investment climate looks like during the Investor Intelligence Conference portion of MJBizCon’s Passholder Days on Thursday, Nov. 12. (The graphic above has been corrected to reflect that Acreage Holdings has a cultivation/processing operation in Pennsylvania but no retail locations and that Harvest Health & Recreation has […]

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