M&A Deal Summary

Ayr Acquires Tahoe Hydro

On April 10, 2023, Ayr acquired agriculture company Tahoe Hydro

Acquisition Highlights
  • This is Ayr’s 4th transaction in the Agriculture sector.
  • This is Ayr’s 11th transaction in the United States.
  • This is Ayr’s 1st transaction in Nevada.

M&A Deal Summary

Date 2023-04-10
Target Tahoe Hydro
Sector Agriculture
Buyer(s) Ayr
Deal Type Add-on Acquisition

Target

Tahoe Hydro

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

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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 11 of 12
Sector (Agriculture) 4 of 4
Type (Add-on Acquisition) 7 of 8
State (Nevada) 1 of 1
Country (United States) 11 of 12
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 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.

Buy $55M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Twice the Wellness

Woodmere, Ohio, United States

Twice the Wellness operates a medical marijuana dispensary, based in Woodmere, Ohio.

Buy -