M&A Deal Summary

iAnthus Acquires Sierra Wellness Connection

On September 19, 2019, iAnthus acquired consumer products company Sierra Wellness Connection for 28M USD

Acquisition Highlights
  • This is iAnthus’ 3rd transaction in the Consumer Products sector.
  • This is iAnthus’ 2nd largest (disclosed) transaction.
  • This is iAnthus’ 2nd transaction in the United States.
  • This is iAnthus’ 1st transaction in Nevada.

M&A Deal Summary
Date 2019-09-19
Target Sierra Wellness Connection
Sector Consumer Products
Buyer(s) iAnthus
Deal Type Add-on Acquisition
Deal Value 28M USD
Advisor(s) Cormark Securities, Inc. (Financial)

Target

Sierra Wellness Connection

Reno, Nevada, United States
WSCC, Inc. is a licensed cannabis company with two dispensary locations and over 20,000 square feet of cultivation/production facilities in Reno and Carson City.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

iAnthus

New York, New York, United States
Category Company
Sector Consumer Products
Employees717
Revenue 159M USD (2023)
DESCRIPTION

iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. iAnthus is based in New York City.

DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (Nevada) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 CBD for Life

Owensboro, Kentucky, United States

CBD For Life produces highly innovative, natural, luxurious, and effective Cannabidiol (CBD) infused pain management and beauty products using 99% pure CBD extract derived from stems and stalks of industrial hemp. Our revolutionary formulas combine CBD with nourishing essential oils and other active ingredients to aid in reducing pain, inflammation, and stress while promoting anti-aging, rejuvenation, and vibrancy.

Buy $16M
Mergr

Product

Company

Legal