M&A Weekly

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Leasebacks in Cannabis

How a Real Estate Company Came to Own Three Cannabis Cultivation Facilities in Illinois

Innovative Industrial Properties is purchasing licensed cultivation facilities in the state and leasing them back to the licensees to help them secure funds ahead of the adult-use market launch.

End of the Line

MedMen and PharmaCann Terminate $682-Million Acquisition Deal

The companies announced Oct. 8 that they are abandoning their plans for MedMen to purchase PharmaCann.

Market Headlines

Green Point Research Acquires 30-Acre Nursery in Fort Meade, Fla.

GPR has purchased Sunshine Growers' facility to establish a hemp-dedicated nursery.

Cresco Labs Announces Closing of Acquisition in New York State

Cresco now holds one of only 10 vertically integrated cannabis business licenses issued by the state of New York.

MJardin Receives Full Purchase Price from Joint Venture Partner, Begins Phase 2 Development at its Largest Cultivation Facility

Subsequent to its recently announced non-binding letter of intent with Peguis First Nation in connection with its Warman cultivation facility, Peguis has agreed to pay the full amount of the purchase price in advance of the closing of the transaction.

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