Cresco Labs - M&A Summary and Business Overview

RetailCompany

Cresco Labs M&A Summary

Cresco Labs has acquired 11 companies, including 9 in the last 5 years.

Cresco Labs’ largest acquisition to date was in 2019, when it acquired CannaRoyalty for $836M. Cresco Labs has acquired in 9 different US states, and 2 countries. The Company’s most targeted sectors include consumer products (64%) and agriculture (19%).

Cresco Labs Business Overview

Where is Cresco Labs headquartered?

Cresco Labs is headquartered in Chicago, Illinois.

What sector is Cresco Labs in?

Cresco Labs is a retail company.

When was Cresco Labs founded?

Cresco Labs was founded in 2013.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity11
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Advisors 5

Cresco Labs LLC

520 West Erie Street, Suite 220,
Chicago, Illinois 60654
United States,
(312) 929-0993
www.crescolabs.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 4 - 6 1 - - 11
vol $1.1B $541M $1.7B
Sell (0.0/yr) # - - - - - - 0
  11

Most Recent M&A

Company Date Value Type
Columbia Care, Inc. 2022-03-23 - Add-on Acquisition
New York, New York · www.col-care.com
Laurel Harvest Labs 2021-10-14 80M USD Add-on Acquisition
Montgomeryville, Pennsylvania · www.laurelharvest.com
Bay LLC 2021-09-23 90M USD Add-on Acquisition
, Pennsylvania · www.curepenn.com
Blair Wellness LLC 2021-08-17 - Add-on Acquisition
Baltimore, Maryland · www.blairwellness.com
Cultivate Licensing LLC 2021-03-18 158M USD Add-on Acquisition
, United States
Verdant Creations 2021-02-16 - Add-on Acquisition
Columbus, Ohio · www.verdantcreations.com
Bluma Wellness, Inc. 2021-01-14 213M USD Add-on Acquisition
Fort Lauderdale, Florida · www.blumawellness.com
Tryke Companies LLC 2019-09-16 283M USD Add-on Acquisition
Las Vegas, Nevada · www.trykecompanies.com
CannaRoyalty Corp. 2019-04-01 836M CAD Add-on Acquisition
Ottawa, Ontario · www.originhouse.com
Hope Heal Health, Inc. 2018-12-06 - Add-on Acquisition
Scituate, Massachusetts
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 7 (64%) 586M (35%) - -
Agriculture 2 (18%) 994M (60%) - -
E-Commerce 1 (9%) 80M (5%) - -
Retail 1 (9%) - - -
Total 11 $1.7B - -

By Geo

State/Country Buy Value Sell Value
United States 10 824M - -
  Pennsylvania 2 170M - -
  Ohio 1 - - -
  New York 1 - - -
  Nevada 1 283M - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  Illinois 1 - - -
  Florida 1 213M - -
Canada 1 836M - -
  Ontario 1 836M - -
Domestic 10 (91%) 824M (50%) - -
Cross-border 1 (9%) 836M (50%) - -
Total 11 $1.7B - -

Top M&A Advisors

Financial Deals
Canaccord Genuity Corp.
 1
Cowen Group, Inc.
 1
Stoic Advisory, Inc.
 1
Legal Deals
Bennett Jones LLP
 3
Paul Hastings
 1

Deal Values

buy # Total
$100M to $1B 4 $1.5B
< $100M 2 $170M
TOTAL $1.7B
Largest CannaRoyalty Corp.
$836M (2019-04-01)

Company Summary

SECTOR

Retail

Established

2013

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