RIV Capital Acquires Etain (New York Cannabis Operator)
March 30, 2022
RIV Capital, Inc. has entered into a definitive agreement to acquire ownership and control of Etain LLC and Etain IP LLC, a vertically integrated New York cannabis operator with cultivation, manufacturing and four retail dispensaries, for approximately US$247 million in cash and stock. The deal, financed largely via proceeds and additional financing from The Hawthorne Collective (a ScottsMiracle-Gro subsidiary), positions RIV to become an operator in the U.S. market and accelerates its planned expansion in New York.
- Buyers
- RIV Capital, Inc.
- Targets
- Etain LLC, Etain IP LLC
- Sellers
- Peckham family (former owners of Etain), Etain's former owners
- Industry
- Retail
- Location
- New York, United States
- Transaction Type
- Buyout
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