M&A Deal Summary

Vireo Growth Acquires Charm City Medicus

On July 9, 2021, Vireo Growth acquired consumer products company Charm City Medicus

Acquisition Highlights
  • This is Vireo Growth’s 1st transaction in the Consumer Products sector.
  • This is Vireo Growth’s 2nd transaction in the United States.
  • This is Vireo Growth’s 1st transaction in Maryland.

M&A Deal Summary
Date 2021-07-09
Target Charm City Medicus
Sector Consumer Products
Buyer(s) Vireo Growth
Deal Type Add-on Acquisition

Target

Charm City Medicus

Baltimore, Maryland, United States
Charm City Medicus runs a clean, law-abiding, professional, and non-disruptive medical cannabis dispensary in Dundalk, Maryland.

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Buyer(S) 1

Buyer

Vireo Growth

Minneapolis, Minnesota, United States
Category Company
Sector Agriculture
Employees385
Revenue 88M USD (2023)
DESCRIPTION

Vireo Growth is a science-focused, multi-state cannabis company. Vireo cultivates cannabis in environmentally-friendly greenhouses, manufactures pharmaceutical-grade cannabis extracts, and sells its products at both company-owned and third-party dispensaries. Vireo Growth is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Maryland) 1 of 1
Country (United States) 2 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Ohio Medical Solutions

Coshocton, Ohio, United States

Ohio Medical Solutions holds a Certificate of Operation in Ohio for the processing of medical marijuana and manufactures cannabis-based products in a 9,000 ft2 processing facility.

Sell $1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 Goodness Growth Holdings

Minneapolis, Minnesota, United States

Goodness Growth Holdings is a physician-led, science-focused holding company that manufactures proprietary, branded cannabis products in environmentally friendly facilities and state-of-the-art cultivation sites and distributes its products through its growing network of Green Goods and other retail locations third-party dispensaries. Goodness Growth Holdings is based in Minneapolis, Minnesota.

Buy $413M
Mergr

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