acquisition Archives

Debra BorchardtMarch 18, 2019

Curaleaf Holdings, Inc. (CSE: CURA / OTCQX: CURLF) is acquiring Nevada-based Acres Cannabis in a deal valued at $70 million that is expected to close in 2019. According to the company statement, Acres operates Nevada’s largest cultivation facility, a state-of-the-art production and extraction lab and an immersive cannabis dispensary located in the city of Las […]

Debra BorchardtMarch 13, 2019

Acreage Holdings, Inc. (CSE: ACRG.U) (OTCQX: ACRGF) delivered fourth-quarter revenue of $10.5 million for an increase of 380% over the previous year’s $2.1 million. Acreage reported a whopping fourth-quarter net loss of $217.6 million. The pro forma revenue* for the fourth quarter was $22.9 million and the pro forma adjusted net loss*, which excludes certain […]

Debra BorchardtMarch 13, 2019

HEXO Corp. (TSX: HEXO) (NYSE: HEXO) is acquiring Newstrike Brands Ltd. (TSX-V: HIP) in an all-stock deal valued at approximately $263 million. Newstrike shareholders will receive 0.06332 of a HEXO common share in exchange for each Newstrike common share held. There is a $7.5 million termination fee. Newstrike is the parent company of Up Cannabis […]

Debra BorchardtMarch 11, 2019

Harvest Health & Recreation, Inc. (CSE: HARV, OTCQX: HRVSF) has entered into an agreement to buy VeranoHoldings, LLC in an all-stock deal valued at approximately USD $850 million based on a share price of C$8.79. Harvest Health stock jumped over 15% on the news to lately trade at C$9.56. The deal is expected to close in the […]

Debra BorchardtFebruary 27, 2019

Curaleaf Holdings, Inc. (CSE: CURA) (OTCQX: CURLF) signed a definitive deal to buy California-based Eureka Investment Partners, LLC. Eureka operates a cultivation facility in the Salinas Valley and is developing three dispensaries across the state. The deal is valued at $30.5 million, of which $10 million is to be paid in cash, $20.5 million in […]

William SumnerFebruary 12, 2019

Yesterday, the San Francisco-based cannabis dispensary chain, The Apothecarium, announced that they had been acquired by TerrAscend Corp. (CSE: TER) for $118.4 million in cash and stock. Including in the purchase agreement are three retail dispensaries in San Francisco; one vertically integrated cannabis operation which includes cultivation, edibles manufacturing, and a retail dispensary location; and […]

Debra BorchardtJanuary 22, 2019

Tilray, Inc. (TLRY) has entered into an agreement to acquire all of the issued and outstanding securities of cannabis cultivator Natura Naturals Holdings Inc. in a deal valued at $35 million, but could ultimately grow to $70 million. Under the terms of the agreement, Tilray will deliver C$35 million at closing. This will be made up of […]

Debra BorchardtJanuary 14, 2019

Aurora Cannabis Inc. (TSX: ACB) (NYSE: ACB) entered into a letter of intent to acquire all the issued and outstanding shares of privately held Whistler Medical Marijuana Corporation in an all-stock deal valued at up to approximately $175 million, including certain milestone payments. Whistler has developed one of Canada’s organic certified BC bud. The acquisition is sure to set the […]

Debra BorchardtJanuary 3, 2019

TILT Holdings Inc. (CSE: TILT) (OTC: SVVTF) has acquired vape technology company Jupiter Research in a deal valued at $210 million. The acquisition is expected to close on January 31. TILT’s goal was to expand its technology ecosystem and B2B reach across the supply chain. “Our latest acquisition of Jupiter Research is paramount to our goal of consolidating […]

StaffDecember 31, 2018

The hostile bid for Aphria Inc. (APHA) by Green Growth Brands Ltd., also known as Xanthic Biopharma Inc. (CSE: GGB) caused the stock to finally move higher rising over 12% to trade at $6.26 after a month of heavy selling. Aphria has faced a storm of negative attacks by the short seller Hindenburg Investment Research […]

One of Las Vegas’ cannabis lounges closes its doors

Psyence Group consolidates its shares

In other news

Nebraska medical cannabis regulations stall in legislative committee

Regulatory chaos threatens US hemp industry

Report: California regulators suspend cannabis lab’s business license for questionable test results

Tag: acquisition

Curaleaf Acquires Acres Cannabis In $70 Million Deal

Acreage Holdings Fourth Quarter Revenue Increases 380% As Company Enters California

HEXO Acquires Newstrike Brands In $263 Million All Stock Deal

Harvest Health Acquires Verano In All Stock Deal Valued at $850 Million

Curaleaf, Choom Announce Expansion Acquisitions

TerrAscend Acquires The Apothecarium for $118 Million

Tilray To Buy Natura Naturals In A Potentially $70 Million Deal

Aurora Acquires Organic Cannabis Company Whistler In All Stock Deal Valued At C$175 Million

TILT Acquires Vape Company Jupiter Research In $210 Million Deal

The Hostile Bid For Aphria Is A Holiday Gift For Shareholders

One of Las Vegas' cannabis lounges closes its doors

Psyence Group consolidates its shares

Nebraska medical cannabis regulations stall in legislative committee

Get the latest cannabis news delivered right to your inbox