Interesting article that highlights what will be a steady stream of consolidation over the next few years. Although this will be a 7 state footprint, it seems a much smaller operation than SHWZ at this time. There will be lots of work to get each operator on the same page to gain efficiencies, something that SHWZ is far ahead on already.
Transaction to Publicly List a Platform of Cannabis Operators Across Limited License Medical Markets, Newly Approved Recreational Markets and Established, but Highly Fragmented Recreational Markets Where Consolidation Opportunities Exist
Total Initial Transaction Value of $210 Million, Maximum Earnout of $110 Million
Platform to Have Operations in Seven States, Including Nine Dispensaries and Over 300,000 ft² of Cultivation Producing Approximately 120,000 lbs. of Flower per Year
Pro Forma 2021 Revenue and Adjusted EBITDA Guidance of $158 Million and $56 Million, Respectively
Greenrose Intends to Raise $150 Million in a Private Placement Consisting of a Mixture of Common Stock and Debt