Flora Growth Closes Acquisition of Franchise Global Health

The Flowr Corporation Acquires Terrace Global Inc.

October 19, 2020

Consumer Products

The Flowr Corporation (TSXV: FLWR) will acquire all outstanding common shares of Terrace Global Inc. (TSXV: TRCE) in a court‑approved plan of arrangement in a share‑based transaction valuing Terrace at approximately $63 million. The deal (0.4973 Flowr shares per Terrace share, implied $0.22 per Terrace share) is intended to strengthen Flowr's international presence and create a vertically integrated cannabis platform with enhanced liquidity and reduced indebtedness.

Flora Growth Acquires JustCBD

February 28, 2022

Consumer Products

Flora Growth Corp. acquired 100% of the equity interests in Just Brands LLC and High Roller Private Label LLC (owners of the JustCBD brand) for $16.0 million in cash plus 9.5 million Flora common shares. The acquisition adds a Fort Lauderdale manufacturing and distribution operation, a DTC business with ~300,000 customers and wholesale placement in over 14,000 stores, and is intended to accelerate Flora's U.S. CPG growth and distribution synergies.

GrowGeneration Acquires Assets of Chlorophyll, Inc.

January 22, 2019

Retail

GrowGeneration Corp. purchased all assets of Chlorophyll, Inc., a large hydroponic retail and warehouse operation in Denver, Colorado, adding the store as its sixth Colorado location. The acquisition adds roughly $8 million of revenue and retains founders Beau Speicher and Lee McCall in sales and business development roles.

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.

GrowGeneration Corp. Acquires HGS Hydro

July 28, 2021

Retail

GrowGeneration Corp. signed an asset purchase agreement to acquire HGS Hydro, the third-largest chain of hydroponic garden centers in the U.S., adding six existing Michigan stores (with a seventh opening soon). The acquisition will increase GrowGeneration's Michigan footprint and bring its total store count to 65, and is expected to close before GrowGeneration's fiscal year-end 2021.

Curaleaf Holdings Acquires Northern Green Canada

March 19, 2024

Pharmaceuticals

Curaleaf Holdings, Inc. has signed a deal to acquire Northern Green Canada, an EU-GMP certified Canadian licensed cannabis producer, to secure high-quality indoor EU-GMP flower supply and bolster Curaleaf's European and Australasian expansion. The acquisition is expected to close in Q2 2024 pending regulatory approvals and will strengthen Curaleaf's supply chain for key markets including Germany, Australia/New Zealand and the U.K.