Washington state broker aims to sell bundle of 12 marijuana retailers for up to $70M
Washington state broker aims to sell bundle of 12 marijuana retailers for up to $70M
September 6, 2017 | Bart Schaneman
A dozen marijuana retail businesses in Washington state are employing an unusual strategy on the mergers and acquisitions front: package their assets together for a combination sale.
In a move that’s being described as “unprecedented,” Seattle-based investment bank GRN Funds is asking $60 million-$70 million for the 12 retail cannabis firms.
The ambitious plan has spurred questions about whether such a strategy can work, particularly after two Washington state cannabis entrepreneurs recently failed to sell their businesses together in a similar – albeit much smaller – fashion.
Washington state broker aims to sell bundle of 12 marijuana retailers for up to $70M
Related News
Cannabis goals outlined for upcoming Legislative session
Cannabis goals outlined for upcoming Legislative session Joe Butler | Jan. 1, 2021 Lawmakers willRead More
Shawn Kemp is lighting up Seattle again
Shawn Kemp is lighting up Seattle again Kent Babb | December 31, 2020 He’s notRead More
Comments are Closed