M&A Deal Summary

Ayr Acquires Parma Wellness Center

On December 18, 2020, Ayr acquired life science company Parma Wellness Center for 17M USD

Acquisition Highlights
  • This is Ayr’s 1st transaction in the Life Science sector.
  • This is Ayr’s 8th largest (disclosed) transaction.
  • This is Ayr’s 3rd transaction in the United States.
  • This is Ayr’s 1st transaction in Ohio.

M&A Deal Summary
Date 2020-12-18
Target Parma Wellness Center
Sector Life Science
Buyer(s) Ayr
Deal Type Merger
Deal Value 17M USD

Target

Parma Wellness Center

Columbus, Ohio, United States
Parma Wellness Center is an operator of Parma company that holds a provisional level 1 medical marijuana cultivator license, with initial construction plans for 25,000 ft2 of canopy inside a 58,000 ft2 building. Parma Wellness Center is based in Columbus, Ohio.

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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 3 of 12
Sector (Life Science) 1 of 1
Type (Merger) 3 of 3
State (Ohio) 1 of 3
Country (United States) 3 of 12
Year (2020) 3 of 4
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-27 CannTech PA

New Castle, Pennsylvania, United States

CannTech PA LLC is a cannabis multi-state operator in the Commonwealth of Pennsylvania including a 143,000 ft² cultivation and processing facility under development. CannTech PA is based in New Castle, Pennsylvania.

Buy $57M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Liberty Health Sciences

Alachua, Florida, United States

Liberty Health Sciences is an integrated "seed-to-sale" company that provides medical marijuana products to patients throughout the State of Florida. All its cultivation and processing is done at its 387-acre Gainesville, Florida facility.

Buy $372M
Mergr

Product

Company

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