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New Deal


Announced

ManifestSeven acquires M Delivers and 1-800-Cannabis.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cannabis distribution

Private

United States

Acquisition

Pending

medical cannabis

Friendly

Health Care Services

Single Bidder

Synopsis

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ManifestSeven (M7), California’s first integrated omnichannel platform for legal cannabis acquires M Delivers, a discrete and safe delivery service for medical cannabis, and rights to the telephone number 1-800-Cannabis. Financial terms were not disclosed. The telephone number 1-800-Cannabis would serve as a centralized gateway through which businesses and consumers can be able to access M7's services. “We are excited to be joining with ManifestSeven, a market leader who will allow M Delivers to maximize its growth potential and offer our exceptional service to a new universe of customers,” Christine Bordenave, M Delivers CEO.

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