M&A Deal Summary

Cresco Labs Acquires Cure Pennsylvania

On September 23, 2021, Cresco Labs acquired consumer products company Cure Pennsylvania for 90M USD

Acquisition Highlights
  • This is Cresco Labs’ 6th transaction in the Consumer Products sector.
  • This is Cresco Labs’ 5th largest (disclosed) transaction.
  • This is Cresco Labs’ 8th transaction in the United States.
  • This is Cresco Labs’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-09-23
Target Cure Pennsylvania
Sector Consumer Products
Buyer(s) Cresco Labs
Deal Type Add-on Acquisition
Deal Value 90M USD

Target

Cure Pennsylvania

Pennsylvania, United States
Cure Pennsylvania is a provider of medical marijuana. Cure Pennsylvania is based in Pennsylvania, United States.

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Buyer(S) 1

Buyer

Cresco Labs

Chicago, Illinois, United States
Category Company
Founded 2013
Sector Retail
DESCRIPTION

Cresco Labs LLC is a grower, processor and retailer of premium cannabis with operations in six states (IL, OH, PA, NV, CA and AZ), the company focuses on entering markets with outsized demand potential, significant supply constraints and high barriers to entry.

DEAL STATS #
Overall 9 of 11
Sector (Consumer Products) 6 of 7
Type (Add-on Acquisition) 9 of 11
State (Pennsylvania) 1 of 2
Country (United States) 8 of 10
Year (2021) 5 of 6
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Blair Wellness

Baltimore, Maryland, United States

Blair Wellness is a medical cannabis dispensary and a holistic wellness center dedicated to providing medical cannabis (MMJ) products and services to our patients. Blair Wellness is based in Baltimore, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Laurel Harvest Labs

Montgomeryville, Pennsylvania, United States

Laurel Harvest Labs is a full-service marijuana dispensary focused on patient care. The company delivers targeted medicinal cannabis products to Pennsylvania’s patients. It advances the science around cannabis to produce cutting-edge research with Temple and ultimately increase the efficacy of therapies and patient outcomes. Laurel Harvest Labs was formed in 2020 and is based in Montgomeryville, Pennsylvania.

Buy $80M
Mergr

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