Item 9 Labs Corp. Acquires The Herbal Cure (Denver)

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.

CURE Pharmaceutical to Acquire Sera Labs for $20 Million

July 30, 2020

Consumer Products

CURE Pharmaceutical entered a memorandum of understanding to acquire 100% of privately held Sera Labs for $20 million in a deal composed primarily of CURE stock, with potential earn-outs of up to an additional $20 million. The acquisition adds Sera Labs' CBD-focused branded portfolio, DTC subscription model and retail/wholesale distribution (over 8,850 U.S. doors) to CURE's cGMP manufacturing and drug-delivery capabilities, with Sera Labs founder Nancy Duitch remaining in a leadership role.

Cresco Labs Acquires Laurel Harvest Labs

December 10, 2021

Consumer Products

Cresco Labs has completed the acquisition of Pennsylvania clinical registrant Laurel Harvest Labs, adding ~52,000 sq. ft. of indoor cultivation/processing capacity, an operational dispensary in Montgomeryville and a second dispensary under construction in Scranton. The deal expands Cresco’s retail and cultivation footprint in Pennsylvania to strengthen its wholesale market position and support clinical research partnerships.

Curaleaf Acquires Deseret Wellness

March 29, 2023

Retail

Curaleaf Holdings, Inc. agreed to acquire Deseret Wellness in a cash-and-stock transaction valued at approximately US$20 million. The deal adds three medical cannabis dispensaries in Park City, Provo and Payson (combined annualized revenue ~$14 million), expanding Curaleaf’s Utah retail footprint to four dispensaries and its nationwide store count to about 150.

Halo Labs Acquires Cannalift Delivery Inc.

March 4, 2020

Software

Halo Labs Inc. agreed to acquire Cannalift Delivery Inc. in exchange for C$3.41 million of Halo common shares (31,000,000 shares at a deemed price of C$0.11 per share). The acquisition (expected to close on or before March 10, 2020) gives Halo a dispensary delivery application and web platform to enable home delivery and digital inventory integration, and was announced alongside a concurrent non‑brokered private placement of up to C$700,000.

Curaleaf Acquires Natural Remedy Patient Center (Safford, AZ)

December 23, 2021

Retail

Curaleaf Holdings, Inc. entered into a definitive agreement to acquire Natural Remedy Patient Center, a dispensary in Safford, Arizona, in a cash-and-stock transaction valued at approximately US$13 million. The deal (US$12M cash and US$1M in Curaleaf subordinate voting shares) is expected to close in January 2022 and expands Curaleaf's Arizona retail footprint while enabling a planned relocation to a flagship Scottsdale site.