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M&A Deal Summary

StateHouse Acquires Sublime

On June 1, 2021, StateHouse acquired consumer products company Sublime for 44M USD

Acquisition Highlights
  • This is StateHouse’s 1st transaction in the Consumer Products sector.
  • This is StateHouse’s largest (disclosed) transaction.
  • This is StateHouse’s 6th transaction in the United States.
  • This is StateHouse’s 6th transaction in California.

M&A Deal Summary
Date 2021-06-01
Target Sublime
Sector Consumer Products
Buyer(s) StateHouse
Deal Type Add-on Acquisition
Deal Value 44M USD
Advisor(s) Eight Capital (Financial)
Gowling WLG (Legal)

Target

Sublime

Oakland, California, United States
Sublime is a cannabis manufacturing best known for its expansive line of high-potency, high-quality and affordable, Fuzzies branded pre-rolls, a leading brand of pre-rolls in the state of California, as well as vapes and roll-your-own flower kits. Sublime was founded in 2014 and is based in Oakland, California.

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Buyer(S) 1

Buyer

StateHouse

San Diego, California, United States
Category Company
Founded 2006
Sector Agriculture
Employees323
Revenue 100M USD (2023)
DESCRIPTION

StateHouse is a provider of cultivation facilities for developing craft cannabis. StateHouse was founded in 2006 and is based in Oakland, California.

DEAL STATS #
Overall 6 of 6
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: California M&A 6 of 6
Country: United States M&A 6 of 6
Year: 2021 M&A 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Loudpack

Los Angeles, California, United States

Loudpack cultivates, manufactures, processes, and distributes its branded cannabis products to retailers statewide in California. Loudpack licenses its wholly-owned brands to operators in other markets and provides contract manufacturing services to third parties. Loudpack’s brands distributed in California include Kingpen, Loudpack, Dimebag, and Smokies. Loudpack is based in Los Angeles, California.

Buy $5M
Mergr

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