M&A Deal Summary

Cresco Labs Acquires Tryke Companies

On September 16, 2019, Cresco Labs acquired consumer products company Tryke Companies for 283M USD

Acquisition Highlights
  • This is Cresco Labs’ 2nd transaction in the Consumer Products sector.
  • This is Cresco Labs’ 2nd largest (disclosed) transaction.
  • This is Cresco Labs’ 3rd transaction in the United States.
  • This is Cresco Labs’ 1st transaction in Nevada.

M&A Deal Summary
Date 2019-09-16
Target Tryke Companies
Sector Consumer Products
Buyer(s) Cresco Labs
Deal Type Add-on Acquisition
Deal Value 283M USD
Advisor(s) Canaccord Genuity (Financial)
Wilmer Cutler Pickering Hale and Dorr (Legal)

Target

Tryke Companies

Las Vegas, Nevada, United States
Tryke Companies LLC is a provider of premium-grade medical marijuana to patients. Tryke Companies is based in Las Vegas, Nevada.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 4 of 11
Sector (Consumer Products) 2 of 7
Type (Add-on Acquisition) 4 of 11
State (Nevada) 1 of 1
Country (United States) 3 of 10
Year (2019) 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Origin House

Ottawa, Ontario, Canada

CannaRoyalty Corp. is a cannabis brands and distribution company operating across key markets in the U.S. and Canada, with a strategic focus on becoming a preeminent global house of cannabis brands. CannaRoyalty Corp. was founded in 1985 and is based in Ottawa, Canada.

Buy CA$1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Bluma Wellness

Fort Lauderdale, Florida, United States

Bluma Wellness owns and operates a vertically integrated, licensed medical cannabis company in the State of Florida doing business as “One Plant Florida.” One Plant Florida cultivates, processes, dispenses, and retails medical cannabis to qualified patients in the State of Florida through multiple retail dispensaries and an innovative next-day door-to-door e-commerce home delivery service, thereby offering convenient access for its customers and meeting the demands of an evolving retail landscape. Bluma Wellness is based in Fort Lauderdale, Florida.

Buy $213M
Mergr

Product

Company

Legal