M&A Deal Summary

Vireo Health International Acquires Goodness Growth Holdings

On February 4, 2022, Vireo Health International acquired medical products company Goodness Growth Holdings for 413M USD

Acquisition Highlights
  • This is Vireo Health International’s 1st transaction in the Medical Products sector.
  • This is Vireo Health International’s largest (disclosed) transaction.
  • This is Vireo Health International’s 3rd transaction in the United States.
  • This is Vireo Health International’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-02-04
Target Goodness Growth Holdings
Sector Medical Products
Buyer(s) Vireo Health International
Deal Type Add-on Acquisition
Deal Value 413M USD
Advisor(s) Hyperion Capital, Inc. (Financial)
DLA Piper (Legal)

Target

Goodness Growth Holdings

Minneapolis, Minnesota, United States
website
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.

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Buyer(S) 1

Buyer

Vireo Health International

Minneapolis, Minnesota, United States

website

Category Company
Sector Agriculture
Revenue 54M USD (2021)
DESCRIPTION

Vireo Health International, Inc. 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 Health International is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-09 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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