Cannabis Acquisition

Simply Solventless To Acquire CannMart As It Seeks To Expand Into Hydrocarbon Cannabis Concentrates
Organigram Supports Cannabis In Germany With $15M Initial Investment In This Berlin Marijuana Co.
Global Weed Business: Flora Buys Australian Vaporizers As IM Cannabis Doubles Down On Germany
Organigram Supports Cannabis In Germany With $15M Initial Investment In This Berlin Marijuana Co.
Global Weed Business: Flora Buys Australian Vaporizers As IM Cannabis Doubles Down On Germany
Craft Cannabis Co. Grown Rogue Expands In This Booming East Cost Weed Market Via New Acquisition
Canopy Growth Doubles Down On Its USA Strategy, Announces Exercise of Acreage Options

Cannabis Acquisition Recent News

Grown Rogue Boosts Ownership Of Michigan Cannabis Operations
Grown Rogue International Inc. has increased ownership in its Michigan operations from 52.2% to 80% via two transactions valued at $2.8 million. The purchase price included $200,000 paid in cash and $2.6 million paid by way of four-year sellers' notes, the company said on Thursday. Grown Rogue boosted its ownership in Golden Harvests, LLC, the entity that controls its Michigan operations, operating out of an 80,000 sq ft facility containing roughly 15,000 sq ft of flowering bench space.
Another Cannabis Pioneer Expands In Germany Via Acquisition As Experts Say 'There's No Stepping Back' From Legalization Wave
Flora Growth Corp. has entered into a definitive agreement to acquire all of the issued and outstanding shares of Hamburg, Germany-based TruHC Pharma GmbH. The company's latest move to further cement its global footprint comes on the heels of a new German cannabis law that went into effect on April 1, which partially legalized cannabis. The new law allows adults over 18 in Germany to legally possess up to 25 grams of dried cannabis and cultivate up to three marijuana plants at home.As previously announced, Flora agreed to purchase TruHC Pharma GmbH in an all-stock deal in exchange for 2,770,562 of its common shares, valued at $6.4 million.
MariMed Is On A Roll: Partners With Two Iconic Music Venues In Boston, Acquires Another Illinois Cannabis Dispensary
Multi-state marijuana operator MariMed has closed the acquisition of Allgreens Dispensary, LLC on Tuesday, April 9, its fifth dispensary in Illinois. The Massachusetts-based company said the green light from the Illinois Department of Financial & Professional Regulation for the license transfer and subsequent closing of the acquisition, allows MariMed to fully consolidate the financial results of the company's Thrive-branded dispensary in Casey, Illinois. Previously, the dispensary has been operated under a managed services agreement. The move comes on the heels of MariMed's last week's acquisition of the operating assets of Our Community Wellness & Compassionate Care Center in Prince George's County in Maryland. Jon Levine, MariMed's CEO and one of the speakers at the Benzinga Cannabis Capital Conference next week, said "maximizing our footprint there [in Maryland] has long been one of our top strategic priorities."
This Latin American Cannabis Co. Plans To Expand In Thailand Amid Significant Shifts In Weed Regulation Landscape
PharmaCielo revealed its plans to acquire cannabis operations in Thailand.On Wednesday, the Canadian parent of Colombia's premier cultivator and producer of dried flower and medicinal-grade cannabis extracts, PharmaCielo Colombia Holdings S.A.S., said it has signed a binding letter of intent to enter a proposed transaction to acquire 100% of the issued and outstanding shares of Siam Ventures Corporation in exchange for common shares of PharmaCielo equaling to CA$3 million ($2.2 million).PharmaCielo also revealed it's undertaking a non-brokered private placement of 9,090,909 units at CA$0.2 per unit. Under the deal, the sum will be payable on closing by way of the issuance of 13,636,363 PharmaCielo Shares to the Siam Ventures' shareholders on a pro-rata basis.
Canadian Cannabis Co. C21 To Buy Nevada's Deep Roots In $3.5M Deal
C21 Investments Inc. announced on Friday that its wholly-owned Nevada subsidiary, Silver State Relief, LLC, is buying Deep Roots Harvest, Inc. in a $3.5 million deal. Simultaneously, the company announced a non-brokered private placement of a principal amount of CA$1,000 ($740.939) secured convertible debenture units of the company for aggregate gross proceeds of up to CA$4 million. The proceeds will fund the deal to acquire the Nevada-based dispensary.
Aurora Touts 41% YoY Increase In International Medical Cannabis Q3 Revenue, Expands In Australia Via New Acquisition
Canadian medical cannabis company Aurora Cannabis reported its financial and operational results for Q3 2024. Net revenue increased to CAD64.4m ($42m), up from CAD61.1m in the same quarter the previous year. Medical cannabis net revenue rose by 16% to CAD45.1m, representing 70% of Aurora's consolidated net revenue. Gross profit reached CAD19.8m, up from CAD3.7m in Q3 2022, with adjusted gross profit before fair value adjustments increasing to CAD32.4m from CAD28m. The company recorded a CAD25.5m net loss compared to CAD67.2m in the same quarter in the previous year. Adjusted EBITDA came in at CAD4.3m, up from CAD3m. Miguel Martin, CEO of Aurora, said the company's international medical net revenue had seen year-on-year growth of 41%.
Canopy Growth Sells Skincare & Wellness Brand For $11.7M, Streamlines Focus To Cannabis
Cannabis firm Canopy Growth sold its skincare and wellness brand, opting to focus on "a simplified, asset-light, cannabis-focused business."
Ontario's Cannabis Market Heats Up: Shiny Health Buys 10 Stash & Co. Weed Stores, Adding $7.5M To Top Line
Shiny Health & Wellness Corp. has signed an asset purchase agreement with Karan S. Holla for his chain of 10 adult-use cannabis retail stores, Stash & Co. in Ontario. The agreement was signed on December 14, following a previously announced letter of intent in October. The Stash & Co. brand and dispensaries will retain their name and remain unchanged. Shiny Health plans to add the Stash & Co. brand to its existing cannabis consumer program to expand its reach to nearly 100,000 loyal customers. Meris Kott, CEO of Shiny Health & Wellness, expressed excitement about the acquisition and the potential for increased revenue and consumer reach. Shiny Health will continue to conduct final due diligence and finalize lease assignments as part of the transaction, which has a total consideration of CAD 1 million ($750,000), including cash and common shares. The completion of the transaction is subject to approval by the TSXV.
Canadian Home Of Cookies, Sherbinskis And Wyld Cannabis Brands: BZAM Expands Empire With New Acquisition
Canadian cannabis producer BZAM Ltd. (CSE: BZAM) (US-OTC: BZAMF) has entered into a definitive share exchange agreement on Tuesday to acquire Final Bell Canada Inc. from Final Bell Holdings International Ltd.