Industry Update: Cannabis
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the cannabis industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On July 8, 2021, Trulieve Cannabis Corp., a leading and top-performing cannabis company in the United States, announced the closing of the $63 million acquisition of Anna Holdings LLC, a company who is the sole equity holder in Chamounix Ventures, LLC which holds a permit to operate dispensaries under Keystone Shops, with locations in Philadelphia, Devon, and King of Prussia.
- On May 17, 2021, Curaleaf Holdings, Inc., a leading international provider of consumer products in cannabis, signed definitive documents to acquire the Los Sueños Farms and its related entities, the largest outdoor grow in Colorado, for a total consideration of $75 million.
