M&A Deal Summary

Greenlane Holdings Acquires KushCo

On March 31, 2021, Greenlane Holdings acquired consumer products company KushCo from Merida Capital Holdings

Acquisition Highlights
  • This is Greenlane Holdings’ 3rd transaction in the Consumer Products sector.
  • This is Greenlane Holdings’ 2nd transaction in the United States.
  • This is Greenlane Holdings’ 2nd transaction in California.

M&A Deal Summary

Date 2021-03-31
Target KushCo
Sector Consumer Products
Buyer(s) Greenlane Holdings
Sellers(s) Merida Capital Holdings
Deal Type Merger
Advisor(s) Jefferies (Financial)
Reed Smith (Legal)

Target

KushCo

Tustin, California, United States
KushCo provides unique products and services for both businesses and consumers in the cannabis industry. Founded in 2010 as a packaging and supplies company for dispensaries and growers, KushCo has sold more than 100 million units and now regularly services more than 5,000 legally operated medical and adult-use dispensaries, growers, and producers across North America, South America, and Europe. The Company has facilities in the three largest U.S. cannabis markets and a local sales presence in every major U.S. cannabis market.

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Buyer(S) 1

Buyer

Greenlane Holdings

Boca Raton, Florida, United States

Category Company
Founded 2005
Sector Consumer Products
Employees49
Revenue 13M USD (2024)
DESCRIPTION

Greenlane Holdings is a global house of brands and one of the largest sellers of premium cannabis accessories, child-resistant packaging, and specialty vaporization products to smoke shops, dispensaries, and specialty retail stores, as well as direct to consumer through its online e-commerce platform, vapor.com. Greenlane Holdings was founded in 2005 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 3 of 4
Sector: Consumer Products M&A 3 of 4
Type: Merger M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 2 of 3
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-08 Conscious B.V.

Amsterdam, Netherlands

Conscious B.V. is a European wholesaler and retailer of consumption accessories, vaporizers, and other high-quality products. Conscious Wholesale’s complementary product portfolio comprises premium brands such as Firefly, Davinci, PAX and Storz & Bickel, as well as its existing distribution channels throughout Europe, retail shop in the Netherlands and e-commerce websites, including Vaposhop.com.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 DaVinci Vaporizer

Las Vegas, Nevada, United States

DaVinci Vaporizer is a developer and manufacturer of premium portable vaporizers through its groundbreaking Clean First™ innovation, which employs medical-grade materials and total quality manufacturing processes to ensure the cleanest technology goes into the development of its products. DaVinci Vaporizer was founded in 2011 and is based in Las Vegas, Nevada.

Buy -

Seller(S) 1

SELLER

Merida Capital Holdings

Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2016
PE ASSETS 350M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Merida Capital Partners is a private investment firm focused on acquiring and investing in companies that support the cannabis industry. These include cultivation infrastructure, data and technology services, pharmaceutical development, and medical cultivation. Merida Capital Partners was formed in 2016 and is based in New York, New York.


DEAL STATS #
Overall 3 of 4
Sector: Consumer Products M&A 2 of 2
Type: Merger M&A Deals 2 of 3
State: California M&A 1 of 2
Country: United States M&A 3 of 4
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 MCP Wellness

Michigan, United States

MCP Wellness, Inc. is a owns and operates Michigan gully licensed cannabis business. MCP Wellness is based in Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Steep Hill Labs

Berkeley, California, United States

Steep Hill is a cannabis science and technology firm. Steep Hill’s core business is testing and analyzing medical and recreational marijuana to ensure compliance with public safety standards. In addition to its core business, Steep Hill is also an innovative R&D Lab that has developed and commercialized two highly-differentiated and proprietary products: the QuantaCann and the GenKit.

Sell -