Mergers & Acquisitions Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

RIV Capital to acquire New York-based Etain, names new CEO to lead entry and expansion in U.S. cannabis market

PRESS RELEASE Transformative transaction will include one of only 10 vertically integrated licences in New York and four active dispensaries with plans to bolster operations in advance of adult-use market Names Mark Sims, former SVP of Strategy and M&A for…

Cresco Labs to Buy Columbia Care in $2 Billion Cannabis Deal

Deal will expand Cresco reach to 17 states, up from 10, Marijuana industry is consolidating amid U.S. legal hurdles Cresco Labs Inc. plans to buy Columbia Care Inc. for about $2 billion in one of the largest cannabis industry mergers yet.…

Intercure Makes $35m Acquisition As It Continues International Expansion

Israel’s largest licensed cannabis producer Intercure has announced plans to acquire medical cannabis operator Better for $35m, sending its share prices spiking over 5% for the second time in a week. Intercure has signed a definitive agreement with Cann Pharmaceutical,…

Waitr Acquires Software Company Cova in Pivot Toward Cannabis Delivery

Waitr Holdings Inc. (Nasdaq: WTRH) has entered into a non-binding letter of intent to acquire Retail Innovation Labs Inc., a leading point of sale, inventory and compliance software business serving cannabis dispensary retailers in North America. Waitr’s acquisition of Retail…

Emerald Acquires MJBiz, a Leading B2B Event and Content Platform for the Cannabis Industry

January 4, 2022
Press Release
Marketing, Mergers & Acquisitions, Press Releases
0 Comments

Diversifies into Cannabis Industry for Immediate Expansion and Growth PRESS RELEASE NEW YORK, NY. (January 4, 2022) — Emerald Holding, Inc. (NYSE:EEX) (“Emerald” or the “Company”) today announced that it has completed the acquisition of MJBiz, the leading event producer…

Pfizer Bets On Medical Cannabis With $6.7 Billion Acquisition

Pfizer is to enter the medical cannabis industry betting on a promising cannabinoid-based bowel disease treatment. Last week, American multinational pharmaceutical and biotechnology corporation Pfizer signed an agreement with the clinical-stage company Arena Pharmaceuticals for a total equity value of…

Pot producer Canopy to sell German pharma unit C3 on COVID-19 hit

Dec 15 (Reuters) - Canadian pot producer Canopy Growth Corp (WEED.TO), said on Wednesday it would sell its German pharmaceuticals unit, C3 Cannabinoid Compound Co GmbH, to a local firm as revenue took a hit due to pandemic-related restrictions in…

Are you ready for an exit?

Consolidation is a defining aspect of the cannabis industry in its current stage. Mergers and acquisitions are mounting at a breakneck pace: Viridian’s Deal Tracker counts 265 North American transactions YTD in 2021, compared to 71 in the same period…

Buying a Cannabis Business: Step By Step

by Griffen Thorne, Attorney at Harris Bricken I often write about various discrete aspects of cannabis M&A transactions. A full list of my posts, along with other Canna Law Blog contributors’ posts, is linked here. Today, rather than looking at…

John Lord: LivWell Will Remain LivWell Following PharmaCann Merger/Acquisition

November 1, 2021
Tom Hymes
Mergers & Acquisitions, Multiple State Operators, Spotlight
1 Comment

Founded in 2009, Colorado-based multistate operator LivWell Enlightened Health has over the years established itself as one of the industry’s more proficient players by utilizing the skills and grit that its Kiwi founder and longtime Colorado resident John Lord brought…

Canopy Growth Announces Plan to Acquire Wana Brands, the #1 Cannabis Edibles Brand in North America

PRESS RELEASE Transaction Strengthens Canopy Growth’s U.S. Ecosystem and Increases U.S. Cannabis Market Exposure Upon Federal Permissibility Smiths Falls, Ontario, Canada & Boulder, Colorado, USA [Thursday, October 14, 2021] - Canopy Growth Corporation (“Canopy Growth” or “the Company”) (TSX: WEED,…

Cannabis M&A: Disclosure Schedules

by Griffen Thorne, Attorney at Harris Bricken My last post in this series, which ran a few weeks ago, went over some of the more common representations and warranties you’d see in the average cannabis M&A transaction. In that post,…

Colorado’s Largest Dispensary Chain Acquired by Chicago Marijuana Firm

LivWell Enlightened Health, one of Colorado's largest vertically integrated recreational marijuana businesses, has agreed to an acquisition offer from a privately held cannabis company in Illinois. Chicago-based PharmaCann Inc. just announced that it will take ownership of LivWell Holdings Inc.,…

Scooter Braun’s SPAC, Beau Wrigley’s pot firm Parallel call off merger

(Reuters) -Cannabis producer Parallel and media industry executive Scooter Braun-backed Ceres Acquisition Corp have mutually terminated their $1.88 billion merger agreement, the blank-check company said on Thursday. While the companies did not give a reason for pulling the plug on…

Cannabis M&A: Common Closing Conditions

by Griffen Thorne, Attorney @ Harris Bricken Most business purchase transactions we see in the cannabis space are structured to have a concept of “closing”, which I’ve described before here. Essentially, this means that the parties sign, there is some…

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