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 January 19, 2022, Curaleaf Holdings, Inc., a leading international provider of consumer products in cannabis, completed the previously announced acquisition of Bloom Dispensaries for $211 million. Bloom is a vertically integrated, single state cannabis operator in Arizona. With the close of the transaction, Curaleaf’s retail footprint has reached 13 dispensaries in Arizona and 121 nationwide.
- On December 8, 2021, Tilray, Inc., a leading global cannabis-lifestyle and consumer packaged goods company, announced the strategic acquisition of Breckenridge Distillery, a leading distilled spirits platform located in Breckenridge, Colorado widely-known for its award-winning bourbon whiskey collection and innovative craft spirits portfolio, for approximately $106 million.
