The cannabis industry has seen a rare leveraged buyout in the curraleaf transaction

Multi state operator curaleaf Holdings (CSE: Cura; otcqb: curlf) announced on December 28 that it would acquire bloom dispensaries, a private comprehensive marijuana operator in Arizona, for us $211 million. Bloom has four retail pharmacies in Phoenix, Tucson, Peoria and Sedona, as well as two adjacent planting and processing facilities, with a total area of about 63500 square feet. The purchase price is equivalent to 3.2 times Bloom's estimated revenue in 2021 and about 8.0 times EBITDA. This acquisition should be considered as a leveraged buyout (LBO), one of the first LBOs in the marijuana industry.

Source: mjbizdaily com