M&A Deal Summary

Jushi Acquires OhiGrow

On April 20, 2021, Jushi acquired agriculture company OhiGrow for 5M USD

Acquisition Highlights
  • This is Jushi’s 2nd transaction in the Agriculture sector.
  • This is Jushi’s 3rd largest (disclosed) transaction.
  • This is Jushi’s 4th transaction in the United States.
  • This is Jushi’s 1st transaction in Ohio.

M&A Deal Summary
Date 2021-04-20
Target OhiGrow
Sector Agriculture
Buyer(s) Jushi
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

OhiGrow

Columbus, Ohio, United States
OhiGrow with approximately 10,000 sq. ft. facility and 1.35 acres focuses on processing medical cannabis. It manufactures medical marijuana products and sells to the wholesale market.

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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 4 of 5
Sector (Agriculture) 2 of 2
Type (Add-on Acquisition) 3 of 4
State (Ohio) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-26 Agape Total Health Care

Bradford, Pennsylvania, United States

Agape Total Health Care, Inc. is a Pennsylvania Dispensary Permittee that serves as a trusted health and wellness partner in key markets across the Commonwealth.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 NuLeaf

Incline Village, Nevada, United States

NuLeaf operates two high-performing adult-use and medical retail dispensaries in Las Vegas, NV (the Clark Dispensary), and Lake Tahoe, NV (the Lake Tahoe Dispensary).

Buy $54M
Mergr

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