Ayr Wellness Acquires Cultivauna, LLC (Levia)

Aurora Cannabis Acquires Reliva LLC

May 28, 2020

Consumer Products

Aurora Cannabis Inc. completed the acquisition of Reliva, LLC, a leading U.S. hemp-derived CBD consumer brand, in a transaction valued at approximately US$40 million in Aurora common shares plus an earn-out of up to US$45 million. The deal gives Aurora immediate U.S. retail CBD scale and distribution (Reliva products are sold in over 20,000 stores) and aims to combine Aurora's product innovation and international footprint with Reliva's U.S. retail relationships to accelerate growth.

Ayr Wellness Acquires Herbal Remedies Dispensaries, LLC

July 20, 2021

Retail

Ayr Wellness Inc. agreed to acquire 100% of Herbal Remedies Dispensaries, LLC, an operator of two licensed retail cannabis dispensaries in Quincy, Illinois, for total consideration of $30 million (comprised of $10 million in stock, $12 million in seller notes and $8 million in cash). The acquisition adds roughly 50 employees, expands Ayr into its eighth state (Illinois), is expected to close in Q4 2021 and is subject to customary regulatory approvals.

AYR Wellness Acquires Tahoe Hydroponics (with NV Green pending)

April 10, 2023

Agriculture

AYR Wellness Inc. has closed its acquisition of Tahoe Hydroponics Company, LLC, a Nevada-based cultivator, assuming 100% of membership interests. At close AYR paid $1.5 million in cash and issued 232,795 exchangeable shares (with an additional NV Green, Inc. closing expected and further shares to be issued upon that closing).

Ayr Wellness Acquires Dispensary 33 in Chicago

November 22, 2021

Retail

Ayr Wellness Inc. has entered into an agreement to acquire Gentle Ventures, LLC (d/b/a Dispensary 33), which operates two licensed retail cannabis dispensaries in Chicago’s Andersonville and West Loop neighborhoods. Consideration is expected to total $55 million upfront (including $12 million cash, $3 million seller notes and $40 million stock) with an earn-out tied to Adjusted EBITDA; the transaction is subject to customary closing conditions and regulatory approvals.

CULTA Acquires Greenhouse Wellness and Kannavis Dispensaries in Maryland

June 12, 2023

Retail

CULTA, through its subsidiary CULTA Dispensary Group, signed a definitive agreement to acquire two female‑owned Maryland dispensaries: Growing Ventures (d/b/a Greenhouse Wellness) and K&R Holdings (d/b/a Kannavis). The purchases expand CULTA's retail footprint ahead of Maryland's adult‑use legalization and aim to preserve local staff and emphasize product quality and patient experience.

Cresco Labs Acquires Cultivate in Massachusetts

September 3, 2021

Retail

Cresco Labs has closed its acquisition of Cultivate, a vertically integrated Massachusetts cannabis operator with three dispensaries and approximately 42,000 square feet of active cultivation canopy. The deal increases Cresco's in-state cultivation to ~64,000 square feet and expands its retail footprint in Massachusetts as part of a strategy to deepen presence in large, attractive state markets.