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New Deal


Announced

Ikänik Farms to acquire Pideka.

Financials

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

Tags

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Private

Friendly

Single Bidder

Colombia

Medical Supplies

Majority

medical cannabis

Acquisition

Pending

Synopsis

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Ikänik Farms, a multi-state cannabis operator, agreed to acquire Pideka, an indoor medical cannabis cultivator based in Bogotá, Colombia. Financial terms were not disclosed. "I am excited to welcome Pideka into the Ikänik family. Pideka's strong leadership team and reputation as an innovator in Latin America's medical cannabis industry makes it a powerful addition to Ikänik's future growth plans. This acquisition marks a major milestone for our company as it enables a multi-national presence, strategically positioning us for the global cannabis market," Brian Baca, CEO of Ikänik Farms.

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