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New Deal


Announced

Ayr Strategies to acquire Blue Camo for $75m.

Financials

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Transaction Value£55m
Consideration TypeCash, Loan Notes, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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cannabis cultivation

Private

Cross Border

Acquisition

United States

Pending

Single Bidder

Friendly

Majority

Farming Fishing Ranching and Plantations

Synopsis

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Ayr Strategies, an expanding vertically integrated, US multi-state cannabis operator, agreed to acquire Blue Camo, a vertically integrated operation in Arizona, for $75m. "Arizona has been a terrific medical market, third in the US in terms of patient penetration at over 3.8% and currently generating approximately $1bn in annual revenue," Jonathan Sandelman, Ayr Chairman and CEO.

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