M&A Deal Summary

Ayr Acquires Levia

On August 16, 2021, Ayr acquired beverage company Levia for 20M USD

Acquisition Highlights
  • This is Ayr’s 1st transaction in the Beverages sector.
  • This is Ayr’s 7th largest (disclosed) transaction.
  • This is Ayr’s 8th transaction in the United States.
  • This is Ayr’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-08-16
Target Levia
Sector Beverages
Buyer(s) Ayr
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Levia

Boston, Massachusetts, United States
Levia is an owner of branded cannabis-infused seltzers and water-soluble tinctures. Levia Cannabis-Infused Seltzers provide for rapid onset of the effects of THC, typically 15-20 minutes, allowing for a more consistent consumption experience than many edible products. Levia is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Ayr

Miami, Florida, United States
Category Company
Founded 2017
Sector Agriculture
Employees2,500
Revenue 464M USD (2023)
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 8 of 12
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (Massachusetts) 1 of 1
Country (United States) 8 of 12
Year (2021) 4 of 6
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 Herbal Remedies

Quincy, Illinois, United States

Herbal Remedies is an operator of two licensed cannabis dispensaries. Herbal Remedies is based in Quincy, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 PA Natural Medicine

Flourtown, Pennsylvania, United States

PA Natural Medicine is an operator of three licensed retail dispensaries. PA Naturals has locations in the college towns of Bloomsburg and State College, as well as Selinsgrove, PA, and operates under the retail banner Nature’s Medicine. PA Natural Medicine is based in Flourtown, Pennsylvania.

Buy $80M
Mergr

Product

Company

Legal