Cannabis M&A: Take Care of the Due Diligence Essentials

With cannabis industry M&A activity surging, qualified buyers could be tempted to short-circuit traditional due diligence in order to move quickly. However, given the other special challenges the cannabis industry poses, thorough due diligence is essential to a successful deal.

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Canopy Growth Acquires Jetty Extracts

Canopy Growth Corporation, one of the largest cannabis companies in the world, announced the acquisition of Jetty Extracts this week for $69 million. The acquisition follows a similar pattern of their recent acquisitions, increasing their North American footprint in the cannabis market considerably.

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Curaleaf Acquires Bloom, Opens New Florida Dispensaries

According to two press releases published today, Curaleaf Holdings, Inc. has acquired Arizona-based Bloom Dispensaries for roughly $211 million, taking the company’s four retail locations and their two cultivation/processing locations in Arizona. Additionally, Curaleaf announced two new retail locations in Tampa Bay and Largo, Florida.

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Emerald Holding Acquires MJBiz for $120 Million

Emerald Holding, Inc., a large business events conglomerate, has acquired MJBiz, producer of MJBiz Daily and the largest cannabis trade show, MJBizCon, for $120 million, according to a press release.

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Canopy Growth Acquires Wana Brands: An Interview with Nancy Whiteman

Following the news of the $297.5 million acquisition of Wana Brands by Canopy Growth, we sat down with Wana Brands co-founder and CEO Nancy Whiteman to chat about her journey to success, her plans for the company’s expansion and what the future might hold.

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Cannabis Revival and Year of the SPAC’s: What’s To Be Expected the Rest of 2021?

The rise of the SPAC-era and Canadian entry into the U.S. market will cause asset increases, but it is only the second chapter in the market expansion of cannabis.

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Jazz Pharmaceuticals to Acquire GW Pharma

In a press release published last week, the two companies announced they have entered an agreement for Jazz to acquire GW Pharma, the producer of the only FDA-approved CBD medication Epidiolex, for a total of $7.2 billion.

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Cresco Labs Acquires Bluma Wellness

Cresco Labs will enter the Florida market with the acquisition of Bluma Wellness (and its subsidiary One Plant Florida) for an equity value of $213 million, expected to be finalized by the second quarter of this year.

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Cannabis M&A in the Post-COVID Era

Prospects for the New Year are expected to continue the explosive year-end trend with a backlog of nearly $2 billion in deals heading into 2021. Growth is expected to be led by multi-state operators who have achieved scale, cleaned up their balance sheets and stockpiled dry powder for roll-up acquisitions.

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