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Announced

Completed

Curaleaf completed the acquisition of Grassroots for $700m.

Financials

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Transaction Value£562m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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medical cannabis

Private

United States

Farming Fishing Ranching and Plantations

Acquisition

Majority

Friendly

Single Bidder

Completed

Synopsis

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Curaleaf, a vertically integrated cannabis operator in the United States, completed the acquisition of Grassroots, a private vertically-integrated multi-state operator, for $700m. The consideration was decreased from $875m in June 2020. "The integration of Grassroots is expected to be immediately accretive to our financial performance, with our unprecedented scale providing significant opportunities to leverage Curaleaf's powerful consumer brands as well as new form factor innovations across our expanded national presence," Joseph Lusardi, Curaleaf CEO.

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