M&A Deal Summary

Columbia Care Acquires Medicine Man

On June 15, 2021, Columbia Care acquired agriculture company Medicine Man for 42M USD

Acquisition Highlights
  • This is Columbia Care’s 1st transaction in the Agriculture sector.
  • This is Columbia Care’s 4th largest (disclosed) transaction.
  • This is Columbia Care’s 5th transaction in the United States.
  • This is Columbia Care’s 2nd transaction in Colorado.

M&A Deal Summary
Date 2021-06-15
Target Medicine Man
Sector Agriculture
Buyer(s) Columbia Care
Deal Type Add-on Acquisition
Deal Value 42M USD
Advisor(s) Husch Blackwell LLP (Legal)

Target

Medicine Man

Denver, Colorado, United States
Medicine Man operates marijuana cultivation and dispensaries. The Company offers a variety of high potency concentrates, pre-rolls, infused edibles, topicals, transdermals, tinctures, and more THC and CBD products. Medicine Man was founded in 2009 and is based in Denver, Colorado.

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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 5 of 5
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Colorado) 2 of 2
Country (United States) 5 of 5
Year (2021) 2 of 2
Size (of disclosed) 4 of 5
PREVIOUS 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