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ORHOF - Billion Dollar Cannabis Acquisition: Cresco Labs Buys Origin House
CannaRoyalty Corp
Financials are in either Canadian dollars or U.S. dollars, as noted - Cresco reports in US dollars and Origin House in Canadian dollars, and both trade in Canadian dollars.
Summary
Cresco Labs (CRLBF) is purchasing Origin House (ORHOF) in what is being touted as the largest-ever public company acquisition in the U.S. cannabis deal. The all-stock deal is worth approximately C$1.1 billion and, after the deal, Cresco Labs will be the second most valuable multi-state operator by diluted market cap.
This deal looks like a win-win to me, with both companies