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New Deal


Announced

Allied to acquire Pacific Sun Fungi.

Financials

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

Sources

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Tags

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United States

psilocybin

medical cannabis

Majority

Pending

Friendly

Specialty Retailers

Acquisition

Cross Border

microdosing

Private

Single Bidder

Synopsis

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Allied, a medical cannabis manufacturer, agreed to acquire Pacific Sun Fungi, manufacturer and retailer of psilocybin. Financial terms were not disclosed. “We were seeing many people coming through our healing retreats reporting the benefits of the micro dosing with psilocybin products. We put our best scientists to task to explore the pharmaceutical benefits of functional mushroom formulations. We truly believe that several pharma drug indications will be discovered with the products that we have. We are excited to begin this important research in the New Year.” Calum Hughes, Allied CEO and Founder.

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