Chicago Atlantic and Vireo Growth Agree to Merge and Acquire Cannabis Operators (Including Arches JV and The Flowery)

Canopy Growth Acquires Ace Valley (AV Cannabis Inc.)

April 1, 2021

Consumer Products

Canopy Growth Corporation has completed the acquisition of AV Cannabis Inc. (Ace Valley), buying 100% of the Ontario-based cannabis brand to expand its portfolio of ready-to-enjoy products. Canopy plans to leverage its national sales, marketing and distribution capabilities to scale Ace Valley across Canada and optimize production to drive growth and margins.

JARS Cannabis Acquires Euflora LLC

November 7, 2022

Retail

Privately held JARS Cannabis has entered into a definitive agreement to acquire Euflora LLC, adding six recreational dispensaries and a 7,200 sq. ft. cultivation center and greenhouse in Colorado. The deal expands JARS' retail footprint to 26 storefronts across three states, increases product assortment and customer reach, and is intended to drive operational and retail synergies in core recreational markets.

Canopy USA (Canopy Growth) Completes Acquisition of Acreage Holdings

December 9, 2024

Retail

Canopy USA, an affiliate of Canopy Growth Corporation, has completed its acquisition of Acreage Holdings, acquiring 100% of Acreage's outstanding shares. The transaction consolidates Canopy USA's U.S. cannabis assets (including Wana and Jetty) into a unified, brand-focused platform to realize cost synergies, expand retail and product reach across Midwestern and Northeastern U.S. markets, and accelerate growth in state-legal markets.

Leaf Trade and Sweed Merge to Create Integrated Cannabis Wholesale and Retail Platform

March 28, 2023

Cloud & SaaS

Leaf Trade and Sweed announced a merger to combine Leaf Trade's wholesale cannabis marketplace with Sweed's all-in-one retail operating platform, creating an integrated B2B2C technology suite for multi-state operators and dispensary groups. The combined platform will unify POS, inventory, eCommerce, loyalty, payments, and data/analytics to streamline wholesale-to-retail operations and enable data-driven forecasting and fulfillment automation.

Curaleaf Acquires Bloom Dispensaries

December 28, 2021

Consumer Products

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%.

MJ Freeway Acquisition Co Acquires Akerna's Cannabis Software Business (MJ Platform, Leaf Data Systems, Ample Organics)

April 28, 2023

Software

Akerna will sell its cannabis software business — including MJ Platform, Leaf Data Systems and Ample Organics — to MJ Freeway Acquisition Co for $5.0 million, with Alleaves participating in financing; the closing is planned to coincide with Akerna's merger with Gryphon Digital Mining. POSaBIT had earlier entered into a definitive agreement to acquire the same assets but Akerna terminated that agreement after receiving an alternative offer. The deal allows Akerna to divest its software business ahead of the Gryphon merger while enabling Alleaves / MJ Acquisition Co to expand their cannabis software and ERP capabilities.