Cannabis M&A: Protecting Against Undisclosed Liabilities

By Griffen Thorne, Attorney at Harris Sliwoski When someone buys a cannabis business, and not just that business’s assets, they essentially inherit all of its liabilities. And there are usually a lot. If the business is in the midst of…

Cresco Labs and Columbia Care Mutually Agree to Terminate Merger

PRESS RELEASE July 31, 2023 08:21 AM Eastern Daylight Time CHICAGO--(BUSINESS WIRE)--Cresco Labs (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) (“Cresco” or “the Company”) and Columbia Care (NEO:CCHW) (CSE:CCHW) (OTCQX:CCHWF) (“Columbia Care”) today announced a mutual agreement, dated July 30, 2023, to amicably terminate the definitive…

Connecticut’s first cannabis grower Theraplant sold

One of the state’s four active cannabis producers has new ownership following foreclosure proceedings, according to a filing with the Securities and Exchange Commission. The new owners of Theraplant is a company called NewCo, which is a subsidiary of East Hampton…

Philip Morris acquiring Cannabis inhaler developer Syqe Medical for up to $650 million

The Israeli company’s main product is a metered-dose inhaler for pain reduction treatment using medical cannabis Philip Morris, the international tobacco giant, is acquiring the Israeli company Syqe Medical in a deal that could reach $650 million, Calcalist has learned.…

Altria-backed cannabis producer Cronos explores sale

NEW YORK, July 6 (Reuters) - Cronos Group Inc (CRON.TO), the Canadian cannabis producer backed by cigarette maker Altria Group Inc (MO.N), confirmed on Thursday it is in talks with potential buyers to explore a sale of the company, after…

Cannabis POS and Payments Company POSaBIT Buys Hypur

April 3, 2023
Brian MacIver
Mergers & Acquisitions, Science and Technology, Spotlight
0 Comments

POSaBIT, a Seattle-based cannabis point-of-sale (POS) and payments software company, this morning announced its acquisition of cannabis and crypto payments and compliance services company Hypur in a cash and equity transaction valued at up to US$7.5 million The acquisition positions…

Is An Exit Strategy Your Ultimate Objective? Do This.

By Pam Chmiel, Special thanks to Terry Buffalo for his inspiration and guidance in writing this article: Terry Buffalo, former CEO/CFO of The American Cannabis Company, a cannabis consulting firm he led for over six years until he established his…

Viridian Capital Chart Highlights “Fragmented” National Cannabis Industry

A just-released chart entitled “The Fragmented Cannabis Industry” by Viridian Capital Advisors presents a cannabis industry in which six of the largest multistate operators (MSOs) accounted for 20 percent of revenue for 2021. A far greater percentage of revenue –…

The Cannabusiness Key June Webcast: The State of Cannabis Capital Markets and M&A

July 5, 2022
CBE Staff
Banking, Finance & Real Estate, Mergers & Acquisitions
0 Comments

The following is a transcript of The Cannabusiness Key “The State of Cannabis Capital Markets and M&A” webcast, which aired on June 29, 2022. It has been edited for clarity. For more information, and to register to view the archived…

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…

Cannabis M&A: Protecting Against Undisclosed Liabilities

Cresco Labs and Columbia Care Mutually Agree to Terminate Merger

Connecticut’s first cannabis grower Theraplant sold

Philip Morris acquiring Cannabis inhaler developer Syqe Medical for up to $650 million

Altria-backed cannabis producer Cronos explores sale

Cannabis POS and Payments Company POSaBIT Buys Hypur

Is An Exit Strategy Your Ultimate Objective? Do This.

Viridian Capital Chart Highlights “Fragmented” National Cannabis Industry

The Cannabusiness Key June Webcast: The State of Cannabis Capital Markets and M&A

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

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

Intercure Makes $35m Acquisition As It Continues International Expansion

Waitr Acquires Software Company Cova in Pivot Toward Cannabis Delivery

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

Pfizer Bets On Medical Cannabis With $6.7 Billion Acquisition

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