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New Deal


Announced

Completed

Harborside completed the acquisition of Sublimation for $44m.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Domestic

Pharmaceuticals

Acquisition

Majority

Private

Single Bidder

Friendly

cannabis manufacturing

Completed

Synopsis

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Harborside, a cannabis retailer, completed the acquisition of Sublimation, a cannabis manufacturer, for $44m. "We are thrilled to officially join forces with Harborside and create a leading California house of brands. Together, we can leverage our vast production and retail capabilities to further expand the distribution of our suite of branded products. On behalf of my team, we look forward to commencing the integration process and working together to scale Harborside's reach," Ahmer Iqbal, Sublime CEO.

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