Cannabis M&A

Highsman, the cannabis brand founded by former NFL running back and Heisman Trophy winner Ricky Williams, has merged with Frozen Fields, a North Carolina-based hemp company and its sister entity Abundant Labs. The merger establishes Top Seed Inc. as the parent company while maintaining the Highsman...

Papa & Barkley, a well-known cannabis wellness brand in California, has merged into Mammoth Distribution, one of the state's leading distributors. The companies announced the merger Wednesday in a joint press release. This marks a significant consolidation within California's cannabis industry...

Vangst, cannabis industry’s leading hiring platform, announced Tuesday its acquisition of GreenForce, a temporary staffing agency operating in Oregon and Arizona. This move, effective immediately, positions Vangst for further expansion both regionally and nationally, marking its second major...

Acreage Holdings, Inc. (OTC:ACRHF), a multi-state operator of cannabis cultivation and retailing facilities, announced its Q2 2024 earnings on Wednesday, revealing a mixed financial landscape marked by strategic expansions yet shadowed by a significant net loss and a revenue dip, down 33% year-over...

Verano Holdings Corp. (OTCQX:VRNOF) announced Monday that it wiil acquire significant assets from The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTC:CBSTF) (FSE: 3LP). The acquisition, strategic to expanding its national footprint, includes one of Cannabist’s Virginia licenses, along...

In a recent episode of Benzinga's Cannabis Insider, Jordan Tritt, CEO of The Panther Group and a veteran in the cannabis investment realm, shed light on the complexities of mergers and acquisitions (M&A) and the impending impact of federal cannabis reform. “The industry as a whole is...

In a recent episode of Benzinga's Cannabis Insider podcast, Cam Horan, managing partner of Highway 33 Capital Advisory shared an optimistic outlook for the cannabis industry, particularly highlighting the potential for substantial growth and recovery in 2024.  “We’re very excited about...

Open Book Extracts (OBX), a cannabinoid product manufacturer, has inked a term sheet to acquire Nucl3o, a processor of high-purity cannabinoid isolates, Benzinga Cannabis has learned exclusively. This acquisition marks a significant move in the cannabinoid industry, as it combines OBX's large-...

Exploring the cannabis industry's transition from the early green rush to a phase of recessionary thinking, industry veteran Laura A. Bianchi of cannabis-focused law firm Bianchi & Brandt spotlights the end of unleashed growth and the resurgence of small and midsize businesses (...

Medicine Man Technologies, Inc., operating as Schwazze, (OTCQX: SHWZ) (NEO: SHWZ), announced on Monday that it has acquired certain assets of Sucellus, LLC, pursuant to which the company will manage Everest Apothecary, Inc., a New Mexico not-for-profit corporation. The Denver-based company said the...

The popular press notion that 2022 has been a disastrous M&A year in U.S. Cannabis is not the case. The graph breaks U.S. Cannabis M&A into deal size categories. Taken from the top: Green represents transactions over $500M, Brown indicates $100M-$500M deals, Blue depicts $25M-$100M deals,...

Consolidation of the cannabis industry is inevitable as the market matures. Heading into 2022, numerous forecasts predicted another flurry of M&A activity after an energized 2021. With nearly three months of the year complete, opinions are split on M&A activity so far. M&A In 2022 Is On...

The blue bar in the graph shows the percentage by which 4th quarter 2020 EBITDA exceeded consensus analyst estimates as reported by FactSet for each of the seven top MSOs that have reported. The orange line shows the next day percentage change of the stock price less the percent change of the...

Australis Capital Inc. (OTCQB: AUSAF) agreed to buy cannabis company Green Therapeutics LLC in a deal worth between CA$8 million ($6.4 million) and CA$10 million.  The purchase would give the Las Vegas-based company ownership of Green Therapeutics portfolio, which includes...

Cannabis company Cresco Labs (CSE: CL) (OTCQX: CRLBF) is on its way to take over Bluma Wellness Inc. (CSE: BWEL.U) (OTCQX: BMWLF) in an all-share transaction worth $213 million. The waiting period for a government review of the deal, in accordance with the Hart-Scott-Rodino Antitrust...