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Announced

Curaleaf completed the acquisition of Los Suenos Farms for $67m.

Financials

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Transaction Value£47m
Consideration TypeCash, 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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marijuana cultivator

Majority

Friendly

Private

Pending

United States

Farming Fishing Ranching and Plantations

Single Bidder

Acquisition

Domestic

Synopsis

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Curaleaf Holdings, an international provider of consumer products in cannabis, completed the acquisition of Los Suenos Farms, a marijuana cultivator, for $67m. "The acquisition of Los Sueños provides Curaleaf with outdoor cannabis cultivation expertise at commercial scale and establishes our foothold in the $2.2bn Colorado market. This deal furthers our strategy of constructing low-cost supply chains that will secure healthy margins and position us for interstate commerce when it comes. Ultimately, our goal is to cultivate cannabis at less than $100 per pound, and this acquisition is a significant step in the right direction," Boris Jordan, Curaleaf Executive Chairman.

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