Canada’s Canopy Growth has secured the right to acquire U.S.-based Acreage Holdings for $3.4 billion, pending federal legalization of cannabis in the country. “Today we announce a complex transaction with a simple objective. Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists,” said Bruce […]
Clearview Capital Fund III portfolio company Wilson Orchard & Vineyard Supply (Wilson) has merged with Oregon Vineyard Supply (OVS) to operate under the new name, OVS. Financial terms of the deal were not released. Having been in business for 31 years, and with 10 locations in Washington State, Oregon, California, and New York, as well as […]
Stone Axe Pastoral Company, an Australian enterprise located in Kojonup that is aiming to establish a large scale, vertically integrated full-blood Wagyu beef supply chain, has acquired a 50 percent stake in the Yarranbrook Feedlot in Queensland from the John Dee Group for an undisclosed sum. Under the terms of the deal, Stone Axe and […]
BIGR Ventures has led a $2 million Seed round for RE Botanicals, contributing $1 million to back the first national hemp CBD brand to be certified organic by the U.S. Department of Agriculture (USDA). The balance of the investment was committed by leading natural and organic industry veterans. Founded last year as a hobby by […]
Campbell Soup announced it has reached an agreement to sell Boltlhouse Farms to an affiliate of Los Angeles-based, food-focused private equity firm Butterfly Equity for $510 million. Headquartered in Bakersfield and Santa Monica, California, Bolthouse operates facilities in Hodgkins, Illinois, Wheatley, Ontario, and Prosser, Washington, and employs 2,200 employees. Under the structure of the deal, […]
Constellation Brands has announced another massive deal as it continues to realign its business. The leading alcohol beverage company announced it has divested approximately 30 wine brands and related facilities – located in California, New York, and Washington – from its wine and spirits portfolio to E&J Gallo for $1.7 billion. The sale, which centered […]
Gladstone Land continues to work to build out a well-curated and diversified portfolio of permanent crop operations, announcing it has acquired California pistachio orchard operations for $28.6 million. The farmland, located in Chowchilla, California, consists of 930 gross acres, of which 852 are planted in pistachio trees in their 11th leaf. In connection with the […]
Harvest Health & Recreation, one of the top vertically integrated cannabis companies with a broad and deep U.S. footprint, announced an agreement for a brokered sale of up 500,000 convertible debentures for gross proceeds of $500 million. Under the terms of the agreement, the deal will be closed through a series of five tranches of […]
The Saudi Agricultural & Livestock Investment Company (SALIC) has announced its acquisition of the 200,000-hectare Baladjie Pty Ltd from John Nicoletti for an undisclosed sum. Since its launch by the kingdom in 2011, SALIC has made several bold, global deals. The group partnered with Bunge in 2015 to acquire a controlling stake in the Canadian […]
Kellogg’s announced it has reached an agreement to sell its Keebler and Famous Amos brands, along with other related cookies and fruit snack brands, to Ferrero in an all-cash $1.3 billion deal. The divestiture, which includes selected cookies, fruit and fruit-flavored snacks, pie crust, and ice cream cone businesses, represents a portion of Kellogg’s North […]
