M&A Deal Summary

Jushi Acquires FBS Nevada

On July 11, 2019, Jushi acquired life science company FBS Nevada

Acquisition Highlights
  • This is Jushi’s 1st transaction in the Life Science sector.
  • This is Jushi’s 1st transaction in the United States.
  • This is Jushi’s 1st transaction in Nevada.

M&A Deal Summary
Date 2019-07-11
Target FBS Nevada
Sector Life Science
Buyer(s) Jushi
Deal Type Add-on Acquisition

Target

FBS Nevada

North Las Vegas, Nevada, United States
FBS Nevada holds medical and adult-use cannabis cultivation, processing, and distribution licenses issued by the Nevada Cannabis Control Board and currently operates cultivation, production and distribution facilities in North Las Vegas, Nevada. FBS Nevada operates one of the two 7,500 square foot adjacent facilities and has upgraded the facility with state-of-the-art, indoor, double-stacked cultivation that yields approximately 2,500 lbs of high-quality dry flower per year.

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Buyer(S) 1

Buyer

Jushi

Boca Raton, Florida, United States
Category Company
Founded 2007
Sector Consumer Products
Employees1,188
Revenue 284M USD (2022)
DESCRIPTION

Jushi is a globally focused cannabis and hemp company focused on building a multi-state portfolio of branded cannabis and hemp-derived assets through opportunistic acquisitions, distressed workouts, and competitive applications. Jushi strives to maximize shareholder value while delivering high-quality products across all levels of the cannabis and hemp ecosystem. Jushi was founded in 2007 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 1 of 5
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Nevada) 1 of 2
Country (United States) 1 of 5
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-22 Pennsylvania Medical Solutions

Scranton, Pennsylvania, United States

Pennsylvania Medical Solutions holds a permit for the cultivation and processing of medical cannabis in the state of Pennsylvania. Based in Scranton, PAMS operates a 90,000 sq. ft. facility with approximately 45,000 sq. ft. of high-quality, indoor cultivation when construction is complete. The Permittee’s property can further accommodate an additional 25,000 sq. ft. of indoor cultivation bringing the total to 70,000 sq. ft.

Buy $37M
Mergr

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