Announced
Financials
Sources
Tags
Acquisition
Private
Farming Fishing Ranching and Plantations
Single Bidder
cannabis cultivation
Majority
Pending
Private Equity
Domestic
United States
Friendly
Health Care Services
medical cannabis
Synopsis
Verano, a multi-state cannabis company, agreed to acquire Connecticut Pharmaceutical Solutions, a cultivation and production company, from Tuatara Capital, a private equity firm, for $113m. "We are excited about the continued expansion of both our national platform and our East Coast hub. Entering the Connecticut market ahead of its adult-use transition provides a clear runway for sustainable, long-term growth. These acquisitions are well-aligned with our broader growth strategy, and further strengthen our operational bandwidth by bringing management teams on board that have demonstrated multi-disciplinary savvy and a keen understanding of the Connecticut market in both the retail and wholesale channels," George Archos, Verano Founder and CEO.
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