Mergers & Acquisitions Archives - Page 2 of 4 - Cannabis Business Executive

Pot producer Canopy to sell German pharma unit C3 on COVID-19 hit

Dec 15 (Reuters) - Canadian pot producer Canopy Growth Corp (WEED.TO), said on Wednesday it would sell its German pharmaceuticals unit, C3 Cannabinoid Compound Co GmbH, to a local firm as revenue took a hit due to pandemic-related restrictions in…

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…

Buying a Cannabis Business: Step By Step

by Griffen Thorne, Attorney at Harris Bricken I often write about various discrete aspects of cannabis M&A transactions. A full list of my posts, along with other Canna Law Blog contributors’ posts, is linked here. Today, rather than looking at…

John Lord: LivWell Will Remain LivWell Following PharmaCann Merger/Acquisition

November 1, 2021
Tom Hymes
Mergers & Acquisitions, Multiple State Operators, Spotlight
1 Comment

Founded in 2009, Colorado-based multistate operator LivWell Enlightened Health has over the years established itself as one of the industry’s more proficient players by utilizing the skills and grit that its Kiwi founder and longtime Colorado resident John Lord brought…

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,…

Colorado’s Largest Dispensary Chain Acquired by Chicago Marijuana Firm

LivWell Enlightened Health, one of Colorado's largest vertically integrated recreational marijuana businesses, has agreed to an acquisition offer from a privately held cannabis company in Illinois. Chicago-based PharmaCann Inc. just announced that it will take ownership of LivWell Holdings Inc.,…

Scooter Braun’s SPAC, Beau Wrigley’s pot firm Parallel call off merger

(Reuters) -Cannabis producer Parallel and media industry executive Scooter Braun-backed Ceres Acquisition Corp have mutually terminated their $1.88 billion merger agreement, the blank-check company said on Thursday. While the companies did not give a reason for pulling the plug on…

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…

Cannabis Company Ayr Said to Buy THC-Drink Maker Cultivauna

Ayr Wellness Inc., a multistate cannabis company, plans to buy Cultivauna LLC, a maker of cannabis-infused seltzers and water-soluble tinctures, according to a person familiar with the company’s plans. The transaction would give Ayr, which already sells cannabis in six…

What You Need to Know When Buying a Cannabis Business, Part 5: Structuring the Purchase

by Jonathan Bench, Attorney at Harris Bricken Buying a cannabis business does not occur in a matter of days, and transactions fall apart for a variety of reasons, as we discussed in Part 1 of this blog series focused on the buy-side…

Vermont’s largest medical cannabis company sold to Slang

BURLINGTON, Vt. (WCAX) - There was a major shakeup in Vermont’s cannabis industry this week after CeresMED, the state’s largest medical marijuana company, announced it’s merging with a Canadian-based company. The deal with SLANG Worldwide is worth $25 million. The…

South American Pharma Firm Purchases Europe’s ‘Largest’ Extractor For Over $26m

A VERTICALLY-INTEGRATED cannabis firm initially backed by former Canopy Growth boss Bruce Linton has been purchased by Uruguay’s pharmaceutical leader. Montevideo-based RAMM Pharma had taken a 49% stake in Sicily-based Canapar in December, last year, and has now agreed to…

Trulieve’s $2.1 Billion Harvest Acquisition Would Create One Of The Cannabis Industry’s Biggest Companies

Trulieve Cannabis, the largest cannabis cultivator and retailer in Florida, announced that it will acquire Harvest Health and Recreation, the largest cannabis operator in Arizona, in an all stock deal valued at $2.1 billion. The transaction must be approved by regulators, but if completed it…

Tilray & Aphria Announce Closing of Transaction That Creates the “New” Tilray – a Global Cannabis Leader

Tilray, Inc. ("Tilray") and Aphria Inc. ("Aphria") today announced the completion of the previously announced business combination, ushering in a new era in the global cannabis industry. The combined company, which will operate as Tilray (the "Company"), brings together two…