M&A Deal Summary

Curaleaf Acquires Bloom Dispensaries

On December 28, 2021, Curaleaf acquired retailer Bloom Dispensaries for 211M USD

Acquisition Highlights
  • This is Curaleaf’s 1st transaction in the Retail sector.
  • This is Curaleaf’s 4th largest (disclosed) transaction.
  • This is Curaleaf’s 11th transaction in the United States.
  • This is Curaleaf’s 3rd transaction in Arizona.

M&A Deal Summary
Date 2021-12-28
Target Bloom Dispensaries
Sector Retail
Buyer(s) Curaleaf
Deal Type Add-on Acquisition
Deal Value 211M USD

Target

Bloom Dispensaries

Phoenix, Arizona, United States
Bloom Dispensaries is a vertically integrated, single-state cannabis operator in Arizona. Bloom includes four retail dispensaries located in the cities of Phoenix, Tucson, Peoria, and the only dispensary currently in Sedona, with a combined population of over 2.3 million and drawing millions of tourists every year.

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Buyer(S) 1

Buyer

Curaleaf

Wakefield, Massachusetts, United States
Category Company
Founded 2010
Sector Consumer Products
Employees5,650
Revenue 1.3B USD (2023)
DESCRIPTION

Curaleaf is a vertically integrated multi-state cannabis operator with a dominant presence on both the east and west coasts of the United States, the largest cannabis market in the world. Curaleaf was founded in 2010 and is based in Wakefield, Massachusetts.

DEAL STATS #
Overall 12 of 16
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 12 of 16
State (Arizona) 3 of 3
Country (United States) 11 of 13
Year (2021) 4 of 4
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 Natural Remedy Patient Center

Safford, Arizona, United States

Natural Remedy Patient Center is an operator of a medical and wellness cannabis center that provides consumer products in cannabis. Natural Remedy Patient Center is based in Safford, Arizona.

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-05 Reef Dispensaries

Las Vegas, Nevada, United States

Reef Dispensaries is a privately held vertically integrated, multi-state cannabis operator. The company operates four retail dispensaries in Las Vegas, Sparks, and Sun Valley, Nevada; two retail dispensaries in Phoenix, Arizona. Reef Dispensaries' expansive product offering includes a wide variety of in-house and third-party flowers, concentrates, vape cartridges, edibles, topicals, and CBD products. Its extensive portfolio of processing licenses with 65,000 square feet of cultivation; has the capacity to expand to 80,000 square feet over the next three years. Reef Dispensaries is based in Las Vegas, Nevada.

Buy $181M
Mergr

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