Cannabis M&A to accelerate as valuations bounce back from 2019 drop – experts

September 23, 2020

Columbia Care Inc. completed Sept. 1 its acquisition of The Green Solution LLC, a large cannabis company in Colorado, in a deal valued at $162.8 million, according to Market Intelligence. Columbia Care on Sept. 8 announced plans for the $69 million purchase of Los Angeles-based Project Cannabis.

“It’s a quickly consolidating market,” Nicholas Vita, Columbia Care’s vice-chairman and CEO, said in an interview. “We think M&A will continue at a pretty rapid pace.”

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