Curaleaf $875 million acquisition of Grassroots Cannabis

17/7/2019

Public acquisition

Value:

$ 875 million

Status:

Announced

Date:

17/7/2019

Overview:

Curaleaf has acquired US-based cannabis industry competitor Grassroots Cannabis in an $875 million deal.
The transaction makes Curaleaf the largest cannabis company in the world by revenue.
Eight Capital acted as financial adviser for Curaleaf and Canaccord Genuity and Stoic Advisory acted for Grassroots.
The transaction is expected to close in early 2020.

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sectors:

Consumer goods and services
Pharmaceuticals and life sciences

Firms:

Katten Muchin Rosenman

Party: Grassroots Cannabis (Target)

Loeb & Loeb

Party: Curaleaf (Acquirer)

Stikeman Elliott

Party: Curaleaf (Acquirer)

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