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  6. Revolution Ventures Illinois Acquires New Age Care

M&A Deal Summary

Revolution Ventures Illinois Acquires New Age Care

On March 18, 2019, Revolution Ventures Illinois acquired consumer products company New Age Care

Acquisition Highlights
  • This is Revolution Ventures Illinois’ 1st transaction in the Consumer Products sector.
  • This is Revolution Ventures Illinois’ 1st transaction in the United States.
  • This is Revolution Ventures Illinois’ 1st transaction in Illinois.

M&A Deal Summary
Date 2019-03-18
Target New Age Care
Sector Consumer Products
Buyer(s) Revolution Ventures Illinois
Deal Type Add-on Acquisition

Target

New Age Care

Mount Prospect, Illinois, United States
New Age Care LLC is a licensed medical cannabis dispensary. The Illinois medical cannabis market is rapidly expanding, with the number of qualifying patients increasing 66% in 2018 to 52,365. Illinois recently expanded its program to allow patients to prescribed opioids to access medical cannabis.

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Buyer(S) 1

Buyer

Revolution Ventures Illinois

United States
Category Company
Sector Consumer Products
DESCRIPTION

Revolution Ventures Illinois LLC is a retail cannabis company that is changing the way people worldwide think about and access high-quality cannabis.

DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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