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

January 4, 2022
Press Release
Marketing, Mergers & Acquisitions, Press Releases
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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…

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…

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,…

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…

Medical marijuana sales sizzle in Pennsylvania, and the M&A market has been busy

James Thomas’ hips began to bother him three or four years after he had joint replacement surgery. He turned to medical marijuana and is still testing out the right formulation. “I haven’t found the right marijuana yet,” the 69-year-old retired…

Cannabis M&A and Real Estate Transactions: What is a Closing?

By Griffin Thorne, Attorney at Harris Bricken Virtually any time that there are transactions involving cannabis company mergers, cannabis company acquisitions, or cannabis real estate sales, and in many cases involving the sale of assets of a cannabis company, the…

Cannabis M&A – A Template for Success Part 3: The Due Diligence Process

In the third of a 3-part series, Erik Ott of Investment Bank KO Acquisitions examines the due diligence process and shares advice on how to drive a transaction to a successful conclusion. In Part 1 Ott focused on the requirements…

Cresco Labs Announces Mutual Agreement to Terminate Purchase Agreement With Tryke – Frees-Up $55 Million in Capital to Further Invest in Organic Growth Pipeline

April 27, 2020
Press Release
Banking, Finance & Real Estate, Mergers & Acquisitions
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PRESS RELEASE CHICAGO--(BUSINESS WIRE)-- Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it has reached a mutual agreement to terminate the purchase agreement dated…

Marketing a Cannabis Company for Sale, Part 4

March 18, 2019
Dena Jalbert
Ancillary Businesses, Banking, Finance & Real Estate, Best Practices, Cannabis Investments
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Part 4: Confirm Deal Terms In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert, walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Part 4: Confirm Deal Terms,” is…

Marketing a Cannabis Company for Sale, Part 3

March 11, 2019
Dena Jalbert
Banking, Finance & Real Estate, Best Practices
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Part 3: Identify Profitability and Financial Trends In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Step 3: Identify Profitability and…

Marketing a Cannabis Company for Sale, Part 2

February 5, 2019
Dena Jalbert
Ancillary Businesses, Banking, Finance & Real Estate, Best Practices, Cannabis Investments
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Step 2: Put Your Team in Place In the series “Marketing a Cannabis Company for Sale,” Dena Jalbert walks through the nuances and intricacies involved in preparing a business for sale in the cannabis industry. This article, “Step 2: Put Your…

Cannabis Industry Slow Rollouts and Consolidations to Drive Ancillary Partnerships, M&A

November 5, 2018
Zachary Venegas Venegas
Ancillary Businesses, Banking, Finance & Real Estate, The Buck Stops Here
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By: Zachary Venegas Analysts have predicted upwards of 20,000 business licenses and a potentially $21+ billion market in California alone by 2021. The massive growth implicit in such projections seems a far cry from the operating tempo of the legal…