M&A Deal Summary

AWH Acquires Devi Holdings - Maryland assets

On January 25, 2023, AWH acquired medical products company Devi Holdings - Maryland assets from Devi Holdings for 19M USD

Acquisition Highlights
  • This is AWH’s 1st transaction in the Medical Products sector.
  • This is AWH’s 2nd largest (disclosed) transaction.
  • This is AWH’s 4th transaction in the United States.
  • This is AWH’s 1st transaction in Maryland.

M&A Deal Summary
Date 2023-01-25
Target Devi Holdings - Maryland assets
Sector Medical Products
Buyer(s) AWH
Sellers(s) Devi Holdings
Deal Type Divestiture
Deal Value 19M USD

Target

Devi Holdings - Maryland assets

Aberdeen, Maryland, United States
Devi Holdings' Maryland assets provides dried flower and concentrates as authorized by Maryland State Law and the Maryland Medical Cannabis Commission (MMCC). Devi Holdings' Maryland assets are based in Aberdeen, Maryland.

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Buyer(S) 1

Buyer

AWH

New York, New York, United States
Category Company
Founded 2018
Sector Medical Products
Employees2,300
Revenue 519M USD (2023)
DESCRIPTION

AWH owns and operates state-of-the-art cultivation facilities, growing award-winning strains and producing a curated selection of products. AWH produces and distributes Ozone branded products. AWH was founded in 2018 and is based in New York City.

DEAL STATS #
Overall 4 of 4
Sector (Medical Products) 1 of 1
Type (Divestiture) 2 of 2
State (Maryland) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-15 Ohio Patient Access

Cincinnati, United States

Ohio Patient Access owns and will operate three provisionally licensed dispensaries that are in the process of being built in Cincinnati, Piqua, and Sandusky.

Buy -

Seller(S) 1

SELLER

Devi Holdings

Phoenix, Arizona, United States
Category Company
Sector Consumer Products
DESCRIPTION

Devi Holdings owns and operates four licensed dispensaries in Aberdeen, Crofton, Ellicott City, and Laurel under the names Nature's Medicines and True Wellness. Devi Holdings is based in Phoenix, Arizona.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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