M&A Deal Summary

Vireo Growth Acquires Mayflower Botanicals

On April 2, 2019, Vireo Growth acquired agriculture company Mayflower Botanicals

Acquisition Highlights
  • This is Vireo Growth’s 1st transaction in the Agriculture sector.
  • This is Vireo Growth’s 1st transaction in the United States.
  • This is Vireo Growth’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-04-02
Target Mayflower Botanicals
Sector Agriculture
Buyer(s) Vireo Growth
Deal Type Add-on Acquisition

Target

Mayflower Botanicals

New Bedford, Massachusetts, United States
Mayflower Botanicals, Inc. is a registered marijuana dispensary company. Mayflower Botanicals, Inc. is based in New Bedford, Massachusetts.

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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 1 of 3
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Massachusetts) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-22 Pennsylvania Medical Solutions

Scranton, Pennsylvania, United States

Pennsylvania Medical Solutions holds a permit for the cultivation and processing of medical cannabis in the state of Pennsylvania. Based in Scranton, PAMS operates a 90,000 sq. ft. facility with approximately 45,000 sq. ft. of high-quality, indoor cultivation when construction is complete. The Permittee’s property can further accommodate an additional 25,000 sq. ft. of indoor cultivation bringing the total to 70,000 sq. ft.

Sell $37M
Mergr

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