Add-on Acquisition • Consumer Products

Ayr Acquires Dispensary 33

On November 22, 2021, Ayr acquired consumer products company Dispensary 33 for 55M USD

Acquisition Context
  • This is Ayr’s 4th transaction in the Consumer Products sector.
  • This is Ayr’s 6th largest (disclosed) transaction.
  • This is Ayr’s 10th transaction in the United States.
  • This is Ayr’s 2nd transaction in Illinois.

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M&A Deal Summary

Date November 22, 2021
Target Dispensary 33
Sector Consumer Products
Buyer(s) Ayr
Deal Type Add-on Acquisition
Deal Value 55M USD

Target Company

Dispensary 33

Chicago, Illinois, United States
Dispensary 33 is a medical cannabis dispensary that operates two locations in Chicago, one on the lively N Clark Street in the Andersonville neighborhood, and the other on W Randolph Street in West Loop, a former industrial meatpacking district that has become one of Chicago’s most popular neighborhoods for restaurants, nightlife and hospitality.
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Buyer Overview 1

Buyer

Ayr

Miami, Florida, United States

Category Company
Founded 2017
Sector Agriculture
Employees2,500
Revenue 464M USD (2024)
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 Context for Buyer #
Overall 10 of 12
Sector: Consumer Products 4 of 5
Type: Add-on Acquisition 6 of 8
State: Illinois 2 of 2
Country: United States 10 of 12
Year: 2021 6 of 6
Size (of disclosed) 6 of 9
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-10 Tahoe Hydro

Carson, Nevada, United States

Tahoe Hydro is a cultivator and producers of cannabis flower. Tahoe Hydro is based in Carson, Nevada.

Buy -