M&A Deal Summary

Curaleaf Acquires Deseret Wellness

On March 29, 2023, Curaleaf acquired consumer products company Deseret Wellness for 20M USD

Acquisition Highlights
  • This is Curaleaf’s 9th transaction in the Consumer Products sector.
  • This is Curaleaf’s 7th largest (disclosed) transaction.
  • This is Curaleaf’s 13th transaction in the United States.
  • This is Curaleaf’s 1st transaction in Utah.

M&A Deal Summary
Date 2023-03-29
Target Deseret Wellness
Sector Consumer Products
Buyer(s) Curaleaf
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Deseret Wellness

Provo, Utah, United States
Deseret Wellness is a cannabis retail operator that operates three retail dispensaries located in the cities of Park City, Provo, and Payson. Deseret Wellness is based in Provo, Utah.

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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 14 of 16
Sector (Consumer Products) 9 of 10
Type (Add-on Acquisition) 14 of 16
State (Utah) 1 of 1
Country (United States) 13 of 13
Year (2023) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-06 Can4Med

Wrocław, Poland

Can4Med is a pharmaceutical wholesaler specializing in the acquisition, registration, and distribution of medical cannabis and products containing THC and other cannabinoids in Poland. The company's focus on importing and distributing cannabinoid medications has positioned it as a critical link in the supply chain, ensuring patients have access to safe and effective treatments. It holds a pharmaceutical wholesaler license which permits the marketing and distribution of narcotics for medical purposes and allows the wholesaling of medicinal products and pharmaceutical raw materials for pharmacy prescriptions. Can4Med is based in Wrocław, Poland.

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