M&A Deal Summary |
|
|---|---|
| Date | 2023-06-08 |
| Target | Peninsula Alternative Health |
| Sector | Consumer Products |
| Buyer(s) | TerrAscend |
| Deal Type | Add-on Acquisition |
| Deal Value | 22M USD |
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| Category | Company |
|---|---|
| Founded | 2017 |
| Sector | Consumer Products |
| Employees | 950 |
| Revenue | 307M USD (2024) |
TerrAscend provides quality products, brands, and services to the global cannabinoid market. TerrAscend operates a number of synergistic businesses, including The Apothecarium, cannabis dispensary with several retail locations in California and Nevada; Arise Bioscience Inc., a manufacturer and distributor of hemp-derived products; Ascendant Laboratories Inc., a biotechnology and licensing company committed to the continuous improvement of cannabinoid expressing plants; Solace RX Inc., a proposed Drug Preparation Premises (DPP) focused on the development of novel formulations and delivery forms; and Valhalla Confections, a manufacturer of premium cannabis-infused edibles. TerrAscend was founded in 2017 and is based in Mississauga, Ontario.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 7 |
| Sector: Consumer Products M&A | 2 of 3 |
| Type: Add-on Acquisition M&A Deals | 3 of 7 |
| State: Maryland M&A | 1 of 3 |
| Country: United States M&A | 3 of 7 |
| Year: 2023 M&A | 1 of 3 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-28 |
State Flower Brand
San Francisco, California, United States ABI SF LLC operates through State Flower brand which provides ultra-premium cannabis flower and is currently sold through dispensaries in California and Nevada, including The Apothecarium. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-27 |
Blue Ridge Wellness
Parkville, Maryland, United States Blue Ridge Wellness is a medical dispensary that offers a complete selection of its brands including Kind Tree, Gage, Cookies, and Wana. Blue Ridge is based in Parkville, Maryland. |
Buy | $7M |
