AYR Wellness Acquires Tahoe Hydroponics (with NV Green pending)

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 Cultivauna, LLC (Levia)

August 16, 2021

Food & Beverage

Ayr Wellness Inc. has entered into a binding letter of intent to acquire 100% of Cultivauna, LLC, the owner of the Levia brand of cannabis-infused seltzers and tinctures. The deal includes $20 million in upfront consideration (up to $10 million cash, remainder in stock) and an earn-out of up to $40 million in shares tied to 2022–2023 revenue targets; the acquisition is expected to close by the end of 2021 subject to regulatory approvals.

GrowGeneration Acquires Aquarius Hydroponics

March 17, 2021

Retail

GrowGeneration Corp. has acquired Aquarius Hydroponics, a hydroponics and garden supply retailer based in Agawam, Massachusetts. The deal gives GrowGeneration its first location in Massachusetts and adds Aquarius's ~14,600 sq. ft. store and 10 employees to GrowGen's growing network of specialty hydroponic garden centers.

GrowGeneration Acquires The Harvest Company

May 25, 2021

Retail

GrowGeneration Corp. acquired The Harvest Company, a Northern California hydroponic supply center with stores in Redding and Trinity County, to expand its footprint in the Emerald Triangle cannabis market. The Harvest Company's 16 employees joined GrowGeneration and founder Robert Masterson will remain in an advisory role.

Hydrobuilder Holdings Acquires Way to Grow

July 21, 2021

Agriculture

Hydrobuilder Holdings LLC, an omnichannel platform serving the hydroponics, controlled-environment agriculture (CEA) and specialty agriculture market, acquired Way to Grow, a Colorado-based retailer of aeroponic, hydroponic and greenhouse products. The deal adds five retail locations in Colorado to Hydrobuilder's portfolio and expands the platform's geographic and retail footprint.

Hydrofarm Acquires Aurora Innovations' Organic Nutrients and Grow Media Operations

July 1, 2021

Agriculture

Hydrofarm Holdings Group, Inc. completed the acquisition of Aurora Innovations, Aurora International and Gotham Properties LLC, an Eugene, Oregon-based manufacturer and supplier of organic hydroponic nutrients and grow media. The deal expands Hydrofarm's portfolio of nutrient and growing-media brands and complements its recent purchases of HEAVY 16, House & Garden, and Mad Farmer.