cannabis acquisitions Archives - Cannabis Business Executive

Pfizer Bets On Medical Cannabis With $6.7 Billion Acquisition

December 21, 2021
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Mergers & Acquisitions
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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…

Chicago-based Grassroots Cannabis sold in $830 million deal

July 24, 2020
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Mergers & Acquisitions
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An $830 million deal to acquire Grassroots Cannabis closed Thursday, upending a trend of failed multimillion-dollar acquisitions of Chicago-based marijuana companies. Grassroots, which has a cultivation facility in Litchfield and is affiliated with eight dispensaries around the state, was acquired…