M&A Deal Summary

Terra Tech Acquires Blüm Reno Dispensary

On June 13, 2019, Terra Tech Corp. acquired retail company Blüm Reno Dispensary

Acquisition Highlights
  • This is Terra Tech’s 2nd transaction in the Retail sector.
  • This is Terra Tech’s 3rd transaction in the United States.
  • This is Terra Tech’s 1st transaction in Nevada.

M&A Deal Summary

Date 2019-06-13
Target Blüm Reno Dispensary
Sector Retail
Buyer(s) Terra Tech Corp.
Deal Type Add-on Acquisition

Target

Blüm Reno Dispensary

Reno, Nevada, United States
Blüm Reno Dispensary is a fully licensed and state compliant cannabis retailer proudly serving NV and CA.

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Buyer(S) 1

Buyer

Terra Tech Corp.

irvine, California, United States

website


Category Company
Founded 2010
SectorAgriculture
Employees60
Revenue 28M USD (2019)
DESCRIPTION

Terra Tech operates through multiple subsidiary businesses including: Blüm, IVXX Inc., Edible Garden, and MediFarm LLC. Blüm’s retail and medical cannabis facilities provide the highest quality medical cannabis to patients who are looking for alternative treatments for their chronic medical conditions as well as premium cannabis to the adult-use market in Nevada and California. Blüm offers a broad selection of cannabis products including; flowers, concentrates and edibles through its Oakland, CA and multiple Nevada locations. IVXX, Inc. is a wholly-owned subsidiary of Terra Tech that produces cannabis-extracted products for regulated medical cannabis dispensaries throughout California and medical and adult-use dispensaries in Nevada. The Company’s wholly-owned subsidiary, Edible Garden, cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as ShopRite, Walmart, Ahold, Aldi, Meijer, Kroger, Stop & Shop and others nationwide. Terra Tech was founded in 2010 and is based in Irvine, California.


DEAL STATS #
Overall 4 of 6
Sector (Retail) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (Nevada) 1 of 1
Country (United States) 3 of 5
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Golden Leaf Holdings Ltd.

Toronto, Ontario, Canada

Golden Leaf Holdings Ltd. is a Canadian company with operations in multiple jurisdictions including Oregon, Nevada and Canada, with cultivation, production and retail operations built around recognized brands. Golden Leaf distributes its products through its branded Chalice Farms retail dispensaries, as well as through third party dispensaries. Golden Leaf’s cannabis retail operations and products are designed with the customer in mind, focused on superlative in-store experience and quality products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 UMBRLA, Inc.

Santa Ana, California, United States

Unrivaled is a cannabis multi-state operator, and the parent company of multiple dominant cannabis lifestyle brands spanning consumer products, distribution and retail. Unrivaled is based in Santa Ana, California.

Buy -