M&A Deal Summary

Columbia Care Acquires Green Leaf Medical

On December 22, 2020, Columbia Care acquired consumer products company Green Leaf Medical for 240M USD

Acquisition Highlights
  • This is Columbia Care’s 3rd transaction in the Consumer Products sector.
  • This is Columbia Care’s largest (disclosed) transaction.
  • This is Columbia Care’s 3rd transaction in the United States.
  • This is Columbia Care’s 1st transaction in Maryland.

M&A Deal Summary
Date 2020-12-22
Target Green Leaf Medical
Sector Consumer Products
Buyer(s) Columbia Care
Deal Type Add-on Acquisition
Deal Value 240M USD
Advisor(s) INFOR Financial, Inc. (Financial)
Dentons (Legal)

Target

Green Leaf Medical

Frederick, Maryland, United States
Green Leaf Medical LLC is a fully-integrated cannabis multi-state operator (MSO). Green Leaf Medical is based in Frederick, Maryland.

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Buyer(S) 1

Buyer

Columbia Care

New York, New York, United States
Category Company
Founded 2012
Sector Consumer Products
Revenue 180M USD (2020)
DESCRIPTION

Columbia Care is an experienced cultivator, manufacturer, and provider of cannabis products and related services, with licenses in 18 U.S. jurisdictions and the EU. Columbia Care operates 131 facilities including 99 dispensaries and 32 cultivation and manufacturing facilities, including those under development. It is an original multi-state provider of medical cannabis in the U.S. and now delivers products and services to both the medical and adult-use markets. In 2021, Columbia Care launched Cannabist, its new retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils, and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber and Platinum Label CBD. Columbia Care was founded in 2012 and is based in New York, New York.

DEAL STATS #
Overall 3 of 5
Sector (Consumer Products) 3 of 4
Type (Add-on Acquisition) 3 of 5
State (Maryland) 1 of 1
Country (United States) 3 of 5
Year (2020) 2 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-04 Project Cannabis

North Hollywood, California, United States

Project Cannabis is one of the world’s largest and most experienced cultivators, manufacturers, and providers of medical and adult-use cannabis products and related services.

Buy $69M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 THCSD

San Diego, California, United States

THCSD provides quality lab-tested medicine in a safe, upscale environment. THCSD was founded in 2015 and is based in San Diego, California.

Buy $15M
Mergr

Product

Company

Legal