M&A Deal Summary

Acreage Holdings Acquires Deep Roots Medical

On April 18, 2019, Acreage Holdings acquired agriculture company Deep Roots Medical for 120M USD

Acquisition Highlights
  • This is Acreage Holdings’ 2nd transaction in the Agriculture sector.
  • This is Acreage Holdings’ 2nd largest (disclosed) transaction.
  • This is Acreage Holdings’ 5th transaction in the United States.
  • This is Acreage Holdings’ 1st transaction in Nevada.

M&A Deal Summary
Date 2019-04-18
Target Deep Roots Medical
Sector Agriculture
Buyer(s) Acreage Holdings
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Deep Roots Medical

Mesquite, Nevada, United States
Deep Roots Medical LLC is a vertically integrated cannabis operator in Nevada. Deep Roots Medical operations include cultivation, manufacturing & processing, a wholesale and distribution business, and seven retail dispensary licenses.

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Buyer(S) 1

Buyer

Acreage Holdings

New York City, New York, United States
Category Company
Founded 2014
Sector Consumer Products
DESCRIPTION

Acreage Holdings, Inc. is a vertically integrated, multi-state owner of cannabis licenses and assets in U.S. states with respect to a number of states with operating licenses. Acreage Holdings was founded in 2014 and is based in New York City.

DEAL STATS #
Overall 5 of 5
Sector (Agriculture) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Nevada) 1 of 1
Country (United States) 5 of 5
Year (2019) 3 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 Kanna

Oakland, California, United States

Kanna, Inc. operates a cannabis dispensary. Kanna develops a thriving dispensary center where patients can access high-quality cannabinoid medication, discuss product selection, and determine personalized methods of administration with a professional, experienced staff who are able to serve their needs. Kanna, Inc. is based in Oakland, California.

Buy $12M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Acreage Florida

Florida, United States

Acreage Florida is a medical cannabis treatment center. Acreage Florida has secured via lease ‎agreements seven locations to build or remodel dispensaries in Hollywood, Spring Hill, Daytona, Orange Park, North ‎Miami Beach, and two locations in Miami. ‎

Sell $60M
Mergr

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