Cannabis M&A

Fire & Flower Holdings Corp. (TSX: FAF) (OTCQX: FFLWF) has partnered with American Acres Managers to expand across California, Arizona, and Nevada. The move came on the heels of its recent debut on the Nasdaq Stock Market. The Toronto-based company agreed to license its Fire & Flower...

MindMed (NEO: MMED) (OTCQB: MMEDF) agreed to buy HealthMode, an artificial intelligence medicine company, in a CA$41.56 million (US$32.5 million) stock and cash deal. The psychedelic biotech company confirmed Thursday it will acquire a digital medicine and therapeutics startup that relies...

HEXO Corp. (TSX: HEXO) (NYSE: HEXO) confirmed Tuesday it will buy Zenabis Global Inc. (TSX: ZENA) for $235 million in an all-stock transaction. Both companies agreed to the acquisition by way of a court-authorized plan of arrangement under the Business Corporation Act. Zenabis shareholders will...

Neptune Revenue Declines 63% YoY, Shifts To CPG And Branded Products Global health and wellness company Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) revealed Monday its third-quarter financial results, on the heels of announcing the purchase of a 50.1% stake in baby food and...

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF) is taking over a Canadian producer of beverages and consumer products. The Vancouver manufacturer of cannabinoid-infused beverages has entered into an amended and restated agreement to acquire Naturo Group Inc. The move is a step closer to...

Springbig, a provider of CRM software for cannabis dispensaries and brands, has acquired BudTender. Terms of the deal are undisclosed. BudTender brings more than 200 clients to Springbig's customer base, boosting its list of retail partners to more than 1,900. In addition, cannabis...

GrowGeneration Corp. (NASDAQ: GRWG) confirmed Monday a second acquisition for 2021. The company purchased Grow Depot, a two-store chain in Auburn and Augusta, Maine. The financial details of the deal weren’t released. In January, GrowGeneration agreed to buy Washington-based Indoor...

PureK Holdings Corp‎. (TSX: PKAN) is taking over skincare and beauty company No B.S. Life LLC. Under the deal, the Vancouver-based company agreed to pay $500,000 in cash, plus a refundable deposit in the amount of $1.5 million. PureK will pay an additional $1 million in...

Ayr Strategies Inc. (CSE: AYR.A) (OTCQX: AYRWF) confirmed Wednesday a $75.4 million worth acquisition of Blue Camo LLC. In November, the multi-state cannabis operator revealed its plans to acquire 100% of the membership interest of Blue Camo, an Arizona-based vertically integrated cannabis...

In recent weeks, the largest U.S. Cannabis companies have raised record amounts of equity capital, significantly boosting liquidity. The graph displays Enterprise Value/Consensus 2021 EBITDA estimates for 36 U.S. Cannabis companies in the Viridian Value Tracker database, ranked by size and...

This chart shows the percent change in the stock prices of the 5 largest U.S. and Canadian cannabis companies by market cap from the market close on January 4, 2021 (the day before the Georgia senate election) to January 8, 2021 (3 days after the election).  Unexpectedly, the large...

Canopy Growth Corp (NYSE: CGC) reported Monday it's giving up on its interest in Canopy Rivers Inc. (TSX: RIV) (PINK: CNPOF). The Toronto-based cannabis-focused venture capital firm opted to transfer three of its portfolio assets to Canopy Growth. Rivers will obtain $115 million in cash and 3....

Shares of Canadian cannabis growers Aphria Inc. (NASDAQ: APHA) and Tilray Inc. (NASDAQ: TLRY) are trading sharply higher on Wednesday, following news about the two companies merging. The deal would create the largest enterprise in the cannabis industry by revenue. It is estimated that the...

BevCanna Enterprises Inc. (CSE: BEV) (OTCQB: BVNNF), a producer of cannabinoid-infused beverages, will buy Naturo Group Investments Inc., a beverage developer and manufacturer. The two companies executed a definitive agreement from Dec. 11. Once the transaction is over, Naturo will become a wholly-...

Hemp capital market deals punished in 2020:  Hemp capital raise transactions are down significantly in 2020 both in terms of aggregate dollars raised and in number of transactions. A similar picture is seen when we look at the number of acquisitions targeting hemp and when we look at hemp...