M&A Deal Summary

MariMed Acquires Ermont

On February 21, 2023, MariMed acquired agriculture company Ermont

Acquisition Highlights
  • This is MariMed’s 2nd transaction in the Agriculture sector.
  • This is MariMed’s 2nd transaction in the United States.
  • This is MariMed’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2023-02-21
Target Ermont
Sector Agriculture
Buyer(s) MariMed
Deal Type Add-on Acquisition

Target

Ermont

Quincy, Massachusetts, United States
Ermont is a medical licensed vertical cannabis operator that provides laboratory-tested medicine to registered patients in a safe, welcoming environment. Ermont is based in Quincy, Massachusetts.

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Buyer(S) 1

Buyer

MariMed

Norwood, Massachusetts, United States
Category Company
Founded 2011
Sector Agriculture
Employees643
Revenue 149M USD (2023)
DESCRIPTION

MariMed is a multi-state cannabis operator, that is dedicated to improving lives every day through its high-quality products, its actions, and its values. The Company develops, owns, and manages seed to sale state-licensed cannabis facilities, which are models of excellence in horticultural principles, cannabis cultivation, cannabis-infused products, and dispensary operations. MariMed was founded in 2011 and is based in Norwood, Massachusetts.

DEAL STATS #
Overall 2 of 3
Sector (Agriculture) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Massachusetts) 1 of 1
Country (United States) 2 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Kind

Maryland, United States

Kind provides safe, dignified, and affordable wholesale access to medical cannabis for dispensaries across the state.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 Allgreens Dispensary

United States

Allgreens Dispensary is a medical dispensary.

Buy -
Mergr

Product

Company

Legal