M&A Deal Summary

Curaleaf Acquires Acres Cannabis

On March 18, 2019, Curaleaf acquired consumer products company Acres Cannabis

Acquisition Highlights
  • This is Curaleaf’s 2nd transaction in the Consumer Products sector.
  • This is Curaleaf’s 2nd transaction in the United States.
  • This is Curaleaf’s 1st transaction in Nevada.

M&A Deal Summary
Date 2019-03-18
Target Acres Cannabis
Sector Consumer Products
Buyer(s) Curaleaf
Deal Type Add-on Acquisition

Target

Acres Cannabis

Las Vegas, Nevada, United States
website
Acres Cannabis is a one-of-a-kind dispensary. Carrying a vast array of cannabis strains and products, alongside popular marijuana farmers market and displayed kitchen and art museum, Acres Cannabis Las Vegas dispensary is unlike any other cannabis store in the country. Open 24 hours a day, seven days a week; Acres Cannabis is the most reliable cannabis shop for both recreational and medical needs.

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Buyer(S) 1

Buyer

Curaleaf

Wakefield, Massachusetts, United States

website

Category Company
Founded 2010
Sector Consumer Products
Revenue 627M USD (2020)
DESCRIPTION

Curaleaf is a vertically integrated multi-state cannabis operator with a dominant presence on both the east and west coasts of the United States, the largest cannabis market in the world. Curaleaf was founded in 2010 and is based in Wakefield, Massachusetts.

DEAL STATS #
Overall 2 of 16
Sector (Consumer Products) 2 of 10
Type (Add-on Acquisition) 2 of 16
State (Nevada) 1 of 2
Country (United States) 2 of 13
Year (2019) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-27 Eureka Investment Partners

Monterey County, California, United States

Eureka Investment Partners LLC operates a cultivation facility in the Salinas Valley and is developing three dispensaries across the state.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Cura Partners

Portland, Oregon, United States

Cura Partners, Inc. is one of the largest cannabis companies in the world, on a mission to be the major provider of cannabis oil in legal U.S. and international markets. The company's goal is to provide people with the cleanest high-quality cannabis and hemp oils, with the safest delivery methods available.

Buy $949M
Mergr

Product

Company

Legal