M&A Deal Summary

Cresco Labs Acquires Columbia Care

On March 23, 2022, Cresco Labs acquired consumer products company Columbia Care

Acquisition Highlights
  • This is Cresco Labs’ 7th transaction in the Consumer Products sector.
  • This is Cresco Labs’ 10th transaction in the United States.
  • This is Cresco Labs’ 1st transaction in New York.

M&A Deal Summary
Date 2022-03-23
Target Columbia Care
Sector Consumer Products
Buyer(s) Cresco Labs
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity Corp. (Financial)
Stikeman Elliott
Foley Hoag LLP (Legal)

Target

Columbia Care

New York, New York, United States
Columbia Care is an experienced cultivator, manufacturer, and provider of cannabis products and related services, with licenses in 18 U.S. jurisdictions and the EU. Columbia Care operates 131 facilities including 99 dispensaries and 32 cultivation and manufacturing facilities, including those under development. It is an original multi-state provider of medical cannabis in the U.S. and now delivers products and services to both the medical and adult-use markets. In 2021, Columbia Care launched Cannabist, its new retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils, and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber and Platinum Label CBD. Columbia Care was founded in 2012 and is based in New York, New York.

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Buyer(S) 1

Buyer

Cresco Labs

Chicago, Illinois, United States
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 11 of 11
Sector (Consumer Products) 7 of 7
Type (Add-on Acquisition) 11 of 11
State (New York) 1 of 1
Country (United States) 10 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Laurel Harvest Labs

Montgomeryville, Pennsylvania, United States

Laurel Harvest Labs is a full-service marijuana dispensary focused on patient care. The company delivers targeted medicinal cannabis products to Pennsylvania’s patients. It advances the science around cannabis to produce cutting-edge research with Temple and ultimately increase the efficacy of therapies and patient outcomes. Laurel Harvest Labs was formed in 2020 and is based in Montgomeryville, Pennsylvania.

Buy $80M
Mergr

Product

Company

Legal