M&A Deal Summary

Chalice Brands Acquires Cannabliss

On September 16, 2021, Chalice Brands acquired retailer Cannabliss from Acreage Holdings for 7M USD

Acquisition Highlights
  • This is Chalice Brands’ 1st transaction in the Retail sector.
  • This is Chalice Brands’ largest (disclosed) transaction.
  • This is Chalice Brands’ 1st transaction in the United States.
  • This is Chalice Brands’ 1st transaction in Oregon.

M&A Deal Summary
Date 2021-09-16
Target Cannabliss
Sector Retail
Buyer(s) Chalice Brands
Sellers(s) Acreage Holdings
Deal Type Divestiture
Deal Value 7M USD

Target

Cannabliss

Portland, Oregon, United States
website
Cannabliss & Co. is a Cannabis retailer formed in 2010 and is based in Portland, Oregon.

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Buyer(S) 1

Buyer

Chalice Brands

Toronto, Ontario, Canada

website

Category Company
Founded 2014
Sector Consumer Products
Revenue 22M USD (2020)
DESCRIPTION

Chalice Brands is a consumer-driven cannabis company specializing in retail, production, processing, wholesale, and distribution with 12 dispensaries. The company is committed to developing a dynamic brand portfolio with a focus on health and wellness. Chalice Brands was founded in 2014 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Acreage Holdings

New York City, New York, United States

website

Category Company
Founded 2014
Sector Consumer Products
DESCRIPTION

Acreage Holdings, Inc. is a vertically integrated, multi-state owner of cannabis licenses and assets in U.S. states with respect to a number of states with operating licenses. Acreage Holdings was founded in 2014 and is based in New York City.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 1 of 1
Type (Divestiture) 2 of 2
State (Oregon) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Acreage Florida

Florida, United States

Acreage Florida is a medical cannabis treatment center. Acreage Florida has secured via lease ‎agreements seven locations to build or remodel dispensaries in Hollywood, Spring Hill, Daytona, Orange Park, North ‎Miami Beach, and two locations in Miami. ‎

Sell $60M
Mergr

Product

Company

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