M&A Deal Summary

Curaleaf Acquires Reef Dispensaries

On October 5, 2022, Curaleaf acquired consumer products company Reef Dispensaries for 181M USD

Acquisition Highlights
  • This is Curaleaf’s 8th transaction in the Consumer Products sector.
  • This is Curaleaf’s 5th largest (disclosed) transaction.
  • This is Curaleaf’s 12th transaction in the United States.
  • This is Curaleaf’s 2nd transaction in Nevada.

M&A Deal Summary
Date 2022-10-05
Target Reef Dispensaries
Sector Consumer Products
Buyer(s) Curaleaf
Deal Type Add-on Acquisition
Deal Value 181M USD

Target

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.

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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 13 of 16
Sector (Consumer Products) 8 of 10
Type (Add-on Acquisition) 13 of 16
State (Nevada) 2 of 2
Country (United States) 12 of 13
Year (2022) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-28 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.

Buy $211M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-29 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.

Buy $20M
Mergr

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