Add-on Acquisition • Retail

Cresco Labs Acquires FloraMedex

On October 30, 2018, Cresco Labs acquired retailer FloraMedex

Acquisition Context
  • This is Cresco Labs’ 1st transaction in the Retail sector.
  • This is Cresco Labs’ 1st transaction in the United States.
  • This is Cresco Labs’ 1st transaction in Illinois.

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M&A Deal Summary

Date October 30, 2018
Target FloraMedex
Sector Retail
Buyer(s) Cresco Labs
Deal Type Add-on Acquisition

Target Company

FloraMedex

Elmwood Park, Illinois, United States
FloraMedex is a medical marijuana dispensary. FloraMedex is based in Elmwood Park, Illinois.
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Buyer Overview 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 Context for Buyer #
Overall 1 of 11
Sector: Retail 1 of 1
Type: Add-on Acquisition 1 of 11
State: Illinois 1 of 1
Country: United States 1 of 10
Year: 2018 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-06 Hope Heal Health

Scituate, Massachusetts, United States

Hope Heal Health, Inc. assets include state registration and licensing that will allow for cultivation, manufacturing, processing, and the establishment and operation of a medical marijuana dispensary, with the ability to obtain up to three medical marijuana dispensary licenses and three adult-use dispensary licenses.

Buy -