M&A Deal Summary

Ayr Acquires Oasis Cannabis

On November 4, 2020, Ayr acquired agriculture company Oasis Cannabis for 75M USD

Acquisition Highlights
  • This is Ayr’s 1st transaction in the Agriculture sector.
  • This is Ayr’s 4th largest (disclosed) transaction.
  • This is Ayr’s 1st transaction in the United States.
  • This is Ayr’s 1st transaction in Arizona.

M&A Deal Summary
Date 2020-11-04
Target Oasis Cannabis
Sector Agriculture
Buyer(s) Ayr
Deal Type Merger
Deal Value 75M USD

Target

Oasis Cannabis

Chandler, Arizona, United States
Oasis Cannabis is a vertically integrated operation in Arizona that includes three medical and adult-use dispensaries in the greater Phoenix area, a 10,000 ft2 triple-stacked cultivation and processing facility in Chandler, and an 86,000 ft2 cultivation facility under development in Phoenix. Oasis Cannabis is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

Ayr

Miami, Florida, United States

website

Category Company
Founded 2017
Sector Life Science
Employees2,500
Revenue 358M USD (2021)
DESCRIPTION

Ayr is a cannabis operator focused on delivering quality cannabis products and customer experience throughout its footprint. Based on the belief that everything starts with the quality of the plant, the Company is focused on superior cultivation to grow superior branded cannabis products. Ayr strives to enrich consumers’ experience every day through the wellness and wonder of cannabis. Ayr was founded in 2017 and is based in Miami, Florida.

DEAL STATS #
Overall 1 of 12
Sector (Agriculture) 1 of 4
Type (Merger) 1 of 3
State (Arizona) 1 of 1
Country (United States) 1 of 12
Year (2020) 1 of 4
Size (of disclosed) 4 of 9
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-27 CannTech PA

New Castle, Pennsylvania, United States

CannTech PA LLC is a cannabis multi-state operator in the Commonwealth of Pennsylvania including a 143,000 ft² cultivation and processing facility under development. CannTech PA is based in New Castle, Pennsylvania.

Buy $57M
Mergr

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