RIV Capital and Cansortium Announce Shareholder Approval of Business Combination

RIV Capital Acquires Etain (New York Cannabis Operator)

March 30, 2022

Retail

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.

Canopy Growth Acquires The Supreme Cannabis Company

April 8, 2021

Consumer Products

Canopy Growth Corporation agreed to acquire all outstanding shares of The Supreme Cannabis Company in an all‑share arrangement valuing the transaction at approximately C$435 million on a fully diluted basis. The deal adds Supreme’s premium brands (including 7ACRES) and a scalable Kincardine cultivation facility to Canopy’s portfolio, strengthening Canopy’s Canadian market position and providing operational and brand synergies.

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

December 18, 2024

Healthcare Services

Chicago Atlantic (as Vireo’s largest stockholder) and Vireo Growth executed definitive merger agreements to combine with three single-state cannabis operators: Proper Cannabis (Missouri), Deep Roots Harvest (Nevada), and WholesomeCo Cannabis (Utah). The deal also includes an acquisition of the Arches analytics and distribution technology platform joint venture between Wholesome and Proper, and Vireo signed a binding memorandum of understanding to acquire The Flowery (Florida). The combined transactions are valued collectively at about $397 million, subject to customary approvals.

1000420548 Ontario Inc. Acquires CannaPiece Corp.

February 10, 2023

Manufacturing

CannaPiece Corp., a Canadian contract manufacturer of cannabis products, was sold by CannaPiece Group Inc. to 1000420548 Ontario Inc. pursuant to a share purchase agreement executed Feb. 8, 2023 and approved by the Ontario Superior Court on Feb. 10, 2023. The sale was completed as part of the company's creditor protection proceedings under the Companies' Creditors Arrangement Act and CannaPiece continues to operate under new ownership.

4Front Ventures Acquires Island Cannabis Co.

March 30, 2022

Consumer Products

4Front Ventures Corp. announced a definitive agreement to acquire all issued and outstanding shares of Island Cannabis Co., a California-based producer of pre-rolls, flower and concentrates. The acquisition is intended to accelerate 4Front's California expansion by integrating Island's brands and team into 4Front's large Commerce manufacturing facility to drive scale, reduce production costs and expand retail distribution.

Bruker Corporation Acquires Canopy Biosciences, LLC

September 11, 2020

Biotechnology

Bruker Corporation has acquired Canopy Biosciences, LLC to strengthen its targeted multi-omics and high-plex biomarker imaging capabilities, adding Canopy's ChipCytometry platform and multi-omics services. Financial terms were not disclosed; Ampersand Capital Partners was identified as Canopy's lead investor.