11 Acquisitions of Companies in the Cannabis Industry

January 15, 2023
Acquisitions Hub

Company acquisitions in the Cannabis industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 11 acquisitions that took place in the Cannabis industry.

Calma Weho acquired by The Parent Company

Details about the transaction:

Acquisition amount:

$1,500,000

Announcement:

27 September 2022

Details about the company:

A cannabis dispensary is run by Calma Weho.

Headquarter:

West Hollywood, California, United States

Where to find them:

Industry:

Cannabis

Details about the buyer:

The Parent Company is a cannabis platform that improves the buying experience for cannabis consumers by making it more simple, effective, and secure.

Headquarter:

San Jose, California, United States

Where to find them:

Abaca acquired by Safe Harbor Financial

Details about the transaction:

Acquisition amount:

$30,000,000

Announcement:

31 October 2022

Details about the company:

The U.S. cannabis sector can use Abaca's banking, payment processing, lending, and treasury management services.

Headquarter:

North Little Rock, Arkansas, United States

Where to find them:

Industry:

Banking, Cannabis, Financial Services, FinTech

Details about the buyer:

Companies in the cannabis business can use the financial services offered by Safe Harbor Financial.

Headquarter:

Arvada, Colorado, United States

Where to find them:

Arbor Vita8 acquired by GRENex INC.

Details about the transaction:

Acquisition amount:

$12,500,000

Announcement:

15 December 2022

Details about the company:

Bulk cannabis products are sold by Arbor Vita8, a firm that distributes and processes hemp.

Headquarter:

Phenix City, Alabama, United States

Where to find them:

Industry:

Agriculture, Cannabis, Farming, Pharmaceutical

Details about the buyer:

E-commerce SaaS platform for hemp-related companies.

Headquarter:

Savannah, Georgia, United States

Where to find them:

GrowHealthy Holdings acquired by iAnthus

Details about the transaction:

Acquisition amount:

$48,000,000

Announcement:

17 January 2018

Details about the company:

providing medicinal marijuana products of the highest quality, suitable for healing and comfort.

Headquarter:

Lake Wales, Florida, United States

Where to find them:

Industry:

Agriculture, Cannabis, Health Care, Medical

Details about the buyer:

iAnthus offers a distinctive blend of financial resources and practical management and operating experience.

Headquarter:

New York, New York, United States

Where to find them:

Platinum Vape acquired by Red White & Bloom (RWB)

Details about the transaction:

Acquisition amount:

$35,000,000

Announcement:

22 July 2020

Details about the company:

Platinum Vape is an alliance of marijuana businesses driven by the desire to create an oil that is potent, reliable, and appealing.

Headquarter:

California, Usulutan, El Salvador

Where to find them:

Industry:

Cannabis, Farming

Details about the buyer:

In the American cannabis sector, Red White & Bloom is the torchbearer blazing a new trail and establishing a benchmark.

Headquarter:

Granville, Illinois, United States

Where to find them:

Jimmy's Cannabis Shop acquired by High Tide

Details about the transaction:

Acquisition amount:

$5,300,000

Announcement:

29 December 2022

Details about the company:

Jimmy's Cannabis Shop sells marijuana in a professional capacity.

Headquarter:

Rossland, British Columbia, Canada

Where to find them:

Industry:

Cannabis

Details about the buyer:

High Tide is a cannabis company with an emphasis on retail, in addition to producing and distributing products for use.

Headquarter:

Calgary, Alberta, Canada

Where to find them:

Next Green Wave acquired by Planet 13 Holdings

Details about the transaction:

Acquisition amount:

$70,419,810

Announcement:

21 December 2021

Details about the company:

A premium seed to consumer premium medical and recreational cannabis enterprise, Next Green Wave is vertically integrated.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Cannabis

Details about the buyer:

Planet 13 is a multi-use entertainment and cannabis dispensary facility that offers interactive entertainment and cannabis goods.

Headquarter:

Las Vegas, Nevada, United States

Where to find them:

NuLeaf Naturals acquired by High Tide

Details about the transaction:

Acquisition amount:

$31,240,000

Announcement:

22 November 2021

Details about the company:

We are enthusiastic in assisting people in living happier, healthier lives here at NuLeaf Naturals.

Headquarter:

Denver, Colorado, United States

Where to find them:

Industry:

Cannabis, Consumer Goods, Organic

Details about the buyer:

High Tide is a cannabis company with an emphasis on retail, in addition to producing and distributing products for use.

Headquarter:

Calgary, Alberta, Canada

Where to find them:

Plus Products acquired by Glass House Brands

Details about the transaction:

Acquisition amount:

$25,600,000

Announcement:

20 December 2021

Details about the company:

Gummies containing dosed CBD and no THC are produced by Plus Products and delivered to clients' doors.

Headquarter:

Walnut, California, United States

Where to find them:

Industry:

Cannabis, Consumer Goods, Food and Beverage, Manufacturing, Product Search

Details about the buyer:

One of the vertically integrated cannabis businesses with a clear emphasis on the California market is Glass House Brands.

Headquarter:

Long Beach, California, United States

Where to find them:

Boulder Botanical & Bioscience Labs acquired by Real Brands

Details about the transaction:

Acquisition amount:

$12,000,000

Announcement:

27 September 2022

Details about the company:

Research and Development (R&D) for unique formulations is a specialty of Boulder Botanical & Bioscience Labs.

Headquarter:

Golden, Colorado, United States

Where to find them:

Industry:

Biotechnology, Cannabis, Health Care

Details about the buyer:

Real Brands is a business that builds brands.

Headquarter:

Pompano Beach, Florida, United States

Where to find them:

Franchise Global Health acquired by Flora Growth

Details about the transaction:

Acquisition amount:

$29,200,704

Announcement:

24 October 2022

Details about the company:

Franchise Global Health Inc. ("FGH") is a multinational company that operates in the medicinal cannabis industry through its subsidiaries.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Cannabis, Medical

Details about the buyer:

The cannabis business Flora Growth uses organic farming techniques.

Headquarter:

Toronto, Ontario, Canada

Where to find them: