Curaleaf Acquires Bloom Dispensaries
December 28, 2021
Curaleaf Holdings, Inc. agreed to acquire Bloom Dispensaries, a vertically integrated single-state cannabis operator in Arizona, in an all-cash transaction valued at approximately US$211 million. The deal adds four retail dispensaries (Phoenix, Tucson, Peoria, Sedona) plus ~63,500 sq. ft. of adjacent cultivation and processing space in north Phoenix; Curaleaf will pay $51 million cash at close and the remainder via three promissory notes, and Bloom generated estimated 2021 revenue of ~$66 million with EBITDA margins above 40%.
- Buyers
- Curaleaf Holdings, Inc.
- Targets
- Bloom Dispensaries
- Industry
- Consumer Products
- Location
- Arizona, United States
- Transaction Type
- Buyout
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