M&A Deal Summary

Ayr Acquires Liberty Health Sciences

On December 22, 2020, Ayr acquired consumer products company Liberty Health Sciences for 372M USD

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

M&A Deal Summary
Date 2020-12-22
Target Liberty Health Sciences
Sector Consumer Products
Buyer(s) Ayr
Deal Type Add-on Acquisition
Deal Value 372M USD
Advisor(s) ATB Capital Markets (Financial)
Miller Thomson
Greenspoon Marder
Nauth LPC (Legal)

Target

Liberty Health Sciences

Alachua, Florida, United States
website
Liberty Health Sciences is an integrated "seed-to-sale" company that provides medical marijuana products to patients throughout the State of Florida. All its cultivation and processing is done at its 387-acre Gainesville, Florida facility.

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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 4 of 12
Sector (Consumer Products) 1 of 5
Type (Add-on Acquisition) 1 of 8
State (Florida) 1 of 1
Country (United States) 4 of 12
Year (2020) 4 of 4
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Parma Wellness Center

Columbus, Ohio, United States

Parma Wellness Center is an operator of Parma company that holds a provisional level 1 medical marijuana cultivator license, with initial construction plans for 25,000 ft2 of canopy inside a 58,000 ft2 building. Parma Wellness Center is based in Columbus, Ohio.

Buy $17M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-29 Garden State Dispensary

Woodbridge Township, New Jersey, United States

Garden State Dispensary is a cultivator of medicinal cannabis to relieve resistant symtoms, due to certain chronic conditions. Garden State Dispensary is based in Woodbridge Township, New Jersey.

Buy $101M
Mergr

Product

Company

Legal