Announced
Financials
Sources
Tags
Majority
United States
Single Bidder
Domestic
Pending
Private
medical marijuana
Friendly
Pharmaceuticals
Acquisition
Synopsis
Curaleaf, an international provider of consumer products in cannabis, agreed to acquire Bloom Dispensaries, a vertically integrated, single state cannabis operator in Arizona, for $211m. "We are pleased to continue Curaleaf's expansion in the state of Arizona with the acquisition of Bloom. In addition to bolstering our strong position in this key growth market with an attractive portfolio of retail and cultivation assets, Bloom will be immediately accretive to our adjusted EBITDA margins upon close. On behalf of the Board of Directors and management team, I look forward to welcoming Bloom to the Curaleaf family," Boris Jordan, Curaleaf Executive Chairman.
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