Cannabis M&A

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 (...

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,...

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...

Cannabis agriculture company Terra Tech Corp. (OTCQX: TRTC) agreed to acquire Umbrla Inc. for an undisclosed price. Umbrla, which has rebranded as "Unrivaled," counts Dallas Imbimbo — co-founder of KushCo Holdings Inc. (OTCQX: KSHB) — among its management. The...

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...

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...

Denver-based Dixie Brands is close to wrapping up a $43-million reverse takeover with BR Brands. Meet BellRock Brands: The two companies announced the deal in March, just before many of the shelter-in-place and quarantine provisions were put in place as a precautionary measure...

The Viridian Cannabis Deal Tracker is an information service that monitors capital raise and M&A activity in the legal cannabis industry. Each week the Tracker analyzes/aggregates all closed deals and allocates each transaction to one of twelve key industry sectors in which the deal occurred (...

The Viridian Cannabis Deal Tracker provides the deal data/terms/valuations/structures and market intelligence that cannabis companies, investors, and acquirers utilize to make informed decisions regarding capital and M&A strategy. Each week the Tracker analyzes/aggregates all closed deals and...

Canadian cannabis investment company Nabis Holdings (OTC: INNPF) will acquire 49 percent of Israel-based Cannova Medical, with the option to buy the rest of the company. Nabis will buy 2.26 million shares of Cannova, or 49 percent, for $1 million in cash and will issue 5.91 million shares. The...

Aphria Inc. (NYSE: APHA)'s shares were falling Monday after the Canadian cannabis company reported fiscal third-quarter results and announced that it agreed to shorten the expiry date of Green Growth Brands Inc (OTC: GGBXF)'s takeover bid. What Happened For the fiscal third...

Cresco Labs (OTC: CRLBF) is strengthening its presence in California and other markets through the acquisition of Origin House, which is the trade name for CannaRoyalty Corp (OTC: ORHOF). The value of the all-stock transaction is estimated at C$1.1 billion (about $825 million USD), which makes it...

The consolidation in the cannabis industry continues as Canadian company HEXO Corp (NYSE: HEXO) and Newstrike Brands Ltd (OTC: NWKRF) reached an agreement under the terms of which HEXO will buy Newstrike for C$263 million ($196.7 million) in stock. What Happened Under the terms of the agreement,...