M&A Deal Summary

Cresco Labs Acquires Origin House

On April 1, 2019, Cresco Labs acquired agriculture company Origin House for 1.1B CAD

Acquisition Highlights
  • This is Cresco Labs’ 1st transaction in the Agriculture sector.
  • This is Cresco Labs’ 0th largest (disclosed) transaction.
  • This is Cresco Labs’ 1st transaction in Canada.
  • This is Cresco Labs’ 1st transaction in Ontario.

M&A Deal Summary
Date 2019-04-01
Target Origin House
Sector Agriculture
Buyer(s) Cresco Labs
Deal Type Add-on Acquisition
Deal Value 1.1B CAD
Advisor(s) Cormark Securities, Inc. (Financial)
Norton Rose Fulbright (Legal)

Target

Origin House

Ottawa, Ontario, Canada
website
CannaRoyalty Corp. is a cannabis brands and distribution company operating across key markets in the U.S. and Canada, with a strategic focus on becoming a preeminent global house of cannabis brands. CannaRoyalty Corp. was founded in 1985 and is based in Ottawa, Canada.

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Buyer(S) 1

Buyer

Cresco Labs

Chicago, Illinois, United States

website

Category Company
Founded 2013
Sector Retail
DESCRIPTION

Cresco Labs LLC is a grower, processor and retailer of premium cannabis with operations in six states (IL, OH, PA, NV, CA and AZ), the company focuses on entering markets with outsized demand potential, significant supply constraints and high barriers to entry.

DEAL STATS #
Overall 3 of 11
Sector (Agriculture) 1 of 2
Type (Add-on Acquisition) 3 of 11
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Hope Heal Health

Scituate, Massachusetts, United States

Hope Heal Health, Inc. assets include state registration and licensing that will allow for cultivation, manufacturing, processing, and the establishment and operation of a medical marijuana dispensary, with the ability to obtain up to three medical marijuana dispensary licenses and three adult-use dispensary licenses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Tryke Companies

Las Vegas, Nevada, United States

Tryke Companies LLC is a provider of premium-grade medical marijuana to patients. Tryke Companies is based in Las Vegas, Nevada.

Buy $283M
Mergr

Product

Company

Legal