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New Deal


Announced

Verano to acquire Connecticut Pharmaceutical Solutions from Tuatara Capital for $113m.

Financials

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Transaction Value£83m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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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

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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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