M&A Deal Summary

Red White & Bloom Acquires Aleafia Health

On June 7, 2023, Red White & Bloom acquired consumer products company Aleafia Health for 32M USD

Acquisition Highlights
  • This is Red White & Bloom’s 3rd transaction in the Consumer Products sector.
  • This is Red White & Bloom’s 2nd largest (disclosed) transaction.
  • This is Red White & Bloom’s 1st transaction in Canada.
  • This is Red White & Bloom’s 1st transaction in Ontario.

M&A Deal Summary

Date 2023-06-07
Target Aleafia Health
Sector Consumer Products
Buyer(s) Red White & Bloom
Deal Type Add-on Acquisition
Deal Value 32M USD

Target

Aleafia Health

Vaughan, Ontario, Canada
Aleafia Health is a cannabis company with major cannabis cultivation & processing and medical cannabis clinics business operations. Aleafia Health was founded in 2007 and is based in Vaughan, Ontario.

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Buyer(S) 1

Buyer

Red White & Bloom

Vancouver, British Columbia, Canada

Category Company
Sector Consumer Products
Revenue 80M CAD (2024)
DESCRIPTION

Red White & Bloom engages in cultivation and retail of cannabis products primarily in Michigan, Illinois, Massachusetts, California, and Florida. Red White & Bloom is headquartered in Vancouver, British Columbia.


DEAL STATS #
Overall 3 of 3
Sector: Consumer Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 Acreage Florida

Florida, United States

Acreage Florida is a medical cannabis treatment center. Acreage Florida has secured via lease ‎agreements seven locations to build or remodel dispensaries in Hollywood, Spring Hill, Daytona, Orange Park, North ‎Miami Beach, and two locations in Miami. ‎

Buy $60M