Cannacurio #76: Maryland Dispensaries | cannabis media
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We recently researched the cost of buying a cannabis store at 75 Cannacurio and found that prices vary widely by year and state, as well as the buyer’s overall strategy. Shortly after we shared this analysis, Terrascend bought two different pharmacies — one for $22 million and one for $6.75 million. This raised the question of whether these purchases were exceptional by Maryland standards — especially given the state’s upcoming July 1st rollout of adult use.
Here’s a look at the 14 stores that sold (some were part of the same deal):
What’s interesting about comparing the two Terrascend deals is the different amounts of cash and stock in each deal. For the purchase of Peninsula Alternatives, the company stated a “minimum cash consideration of $1.5 million.” The HempAid deal required more than double that cash at $3.75 million.
- Looking at the cash component across the 14 stores, the average was $3.6 million and the stock component averaged $2.5 million.
- Based on the above, the HempAid deal appears to be consistent with the others, with the exception of the Peninsula Alternatives deal.
This data was compiled from our Cannabiz Business Intelligence offering, which tracks mergers and acquisitions in the industry.
Ed Keating is co-founder of Cannabiz Media and oversees the company’s data research and government relations. Throughout his career he has worked with and advised information companies on compliance issues. Ed has led product, marketing and sales while overseeing complex, multi-country product lines in securities, corporate, UCC, safety, environmental and human resources.
At Cannabiz Media, Ed enjoys the challenge of working with regulators around the world as he and his team gather corporate, financial and licensing information to track the people, products and companies in the cannabis economy.
Ed graduated from Hamilton College and received his MBA from Northwestern University’s Kellogg School.
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