M&A Deal Summary

Schwazze Acquires Drift

On June 29, 2021, Schwazze acquired consumer products company Drift for 4M USD

Acquisition Highlights
  • This is Schwazze’s 6th transaction in the Consumer Products sector.
  • This is Schwazze’s 7th largest (disclosed) transaction.
  • This is Schwazze’s 10th transaction in the United States.
  • This is Schwazze’s 8th transaction in Colorado.

M&A Deal Summary

Date 2021-06-29
Target Drift
Sector Consumer Products
Buyer(s) Schwazze
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Drift

Boulder, Colorado, United States
Drift is a provider of cannabis dispensaries featuring Boulder's first drive-thru recreational cannabis products. Drift was founded in 2017 and is based in Boulder, Colorado.

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Buyer(S) 1

Buyer

Schwazze

Denver, Colorado, United States

Category Company
Founded 2014
Sector Business Services
Employees729
Revenue 172M USD (2023)
DESCRIPTION

Schwazze is a consultancy and brand warehouse who licenses the turn-key cultivation and dispensary operating solutions. Schwazze was founded in 2014 and is based in Denver, Colorado.


DEAL STATS #
Overall 11 of 13
Sector: Consumer Products M&A 6 of 7
Type: Add-on Acquisition M&A Deals 11 of 13
State: Colorado M&A 8 of 10
Country: United States M&A 10 of 12
Year: 2021 M&A 1 of 3
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 MedPharm Holdings

United States

MedPharm Holdings Corp. owns 15,000-square-foot manufacturing, research, and development laboratory, and cannabis processing facility in Denver, Colorado. Since beginning operations in 2016, MedPharm has grown to a staff of 22 people, including a Ph.D. of chemistry and extraction, Dr. Tyrell Towle. Additionally, Scott Karolchyk, the director of formulation development, is a member of the Colorado Department of Public Health and Environment, Marijuana Enforcement Division, Science and Policy Work Group.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Smoking Gun

Glendale, Colorado, United States

Smoking Gun is an own and operator of cannabis store. Smoking Gun was founded in 2014 and is based in Glendale, Colorado.

Buy $4M