Add-on Acquisition • Consumer Products

Harvest Health & Recreation Acquires Arizona Natural Selections

On February 19, 2020, Harvest Health & Recreation acquired consumer products company Arizona Natural Selections

Acquisition Context
  • This is Harvest Health & Recreation’s 4th transaction in the Consumer Products sector.
  • This is Harvest Health & Recreation’s 6th transaction in the United States.
  • This is Harvest Health & Recreation’s 1st transaction in Arizona.

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M&A Deal Summary

Date February 19, 2020
Target Arizona Natural Selections
Sector Consumer Products
Buyer(s) Harvest Health & Recreation
Deal Type Add-on Acquisition

Target Company

Arizona Natural Selections

Peoria, Arizona, United States
Arizona Natural Selections is a cannabis company that holds four vertical medical licenses which include retail locations: Green Desert Patient Center of Peoria, Inc., Green Sky Patient Center of Scottsdale North, Inc., The Giving Tree Wellness Center of Mesa, Inc. Arizona Natural Selections is based in Peoria, Arizona.
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Buyer Overview 1

Buyer

Harvest Health & Recreation

Tempe, Arizona, United States

Category Company
Sector Consumer Products
DESCRIPTION

Harvest Health & Recreation, Inc. is a vertically integrated cannabis company with permits and licenses in 10 U.S. states (including local approvals in Massachusetts). Harvest Health & Recreation is based in Tempe, Arizona.


Deal Context for Buyer #
Overall 6 of 7
Sector: Consumer Products 4 of 5
Type: Add-on Acquisition 6 of 6
State: Arizona 1 of 1
Country: United States 6 of 7
Year: 2020 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 MJardin Group

Denver, Colorado, United States

MJardin Group, Inc. is a specialized global cannabis management platform that develops partnerships with licensed operators. MJardin provides its partners turnkey cannabis cultivation, processing and retail solutions, including licensure support, facility design, systems implementation, facility ramp-up, and the day-to-day operational management required in a large-scale, professionally managed cannabis facility. MJardin is headquartered in Denver, Colorado with an additional office in Toronto, Ontario.

Buy $35M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-27 Franklin Labs

Reading, Pennsylvania, United States

Franklin Labs LLC focus to provide the highest quality of medicinal cannabis to treat those issues and continually exceed patients’ expectations through educated, sensitive and compassionate care. The company has a 46,800 sq. ft. cultivation and manufacturing/processing facility in Reading, Pennsylvania.

Buy $26M