Columbia Care Acquires Green Leaf Medical

December 22, 2020

Columbia Care Inc. has signed a definitive agreement to acquire Green Leaf Medical, LLC for approximately $240 million ( $45 million cash and $195 million in Columbia Care common shares). The acquisition expands Columbia Care's cultivation, manufacturing, retail and wholesale footprint across Pennsylvania, Maryland, Ohio and Virginia, and is expected to be immediately accretive to margins and EBITDA pending regulatory approvals.

Buyers
Columbia Care Inc.
Targets
Green Leaf Medical, LLC
Sellers
Green Leaf Medical shareholders (including founders Philip Goldberg and Kevin Goldberg)
Location
Maryland, United States
Transaction Type
Buyout

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