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New Deal


Announced

Trulieve to acquire Harvest Health & Recreation for $2.1bn.

Financials

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Transaction Value£1,500m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales9.8x
EV/EBITDA-
Share Price Premium34%
One Off Charge-

Tags

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Majority

Domestic

Acquisition

Pending

cannabis cultivation

Farming Fishing Ranching and Plantations

Friendly

Single Bidder

United States

Public

Synopsis

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Trulieve, a vertically integrated "seed-to-sale" company in the US, agreed to acquire Harvest Health & Recreation, a vertically integrated cannabis company, for $2.1bn. "We are thrilled to be joining Trulieve, a company that has achieved unrivaled success and scale in its home state of Florida. As one of the oldest multi-state operators, we believe our track record of identifying and developing attractive market opportunities combined with our recent successful launch of adult use sales in Arizona will add tremendous value to the combined organization as it continues to expand and grow in the coming years," Steve White, Harvest CEO.

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