Columbia Care Strengthens Position In Mid-Atlantic Via $240M Acquisition Of Green Leaf Medical

Columbia Care Inc. (NEO: CCHW) (OTCQX: CCHWF) revealed Friday it has finalized its purchase of privately-held company Green Leaf , LLC, for $240 million in stock and cash.

The total consideration of $240 million includes $45 million in cash and $195 million in Columbia Care shares, with the option of extra performance-based achievements in 2022 and 2023. This transaction is immediately accretive to the company’s gross margin, adjusted EBITDA and free cash flow with an acquisition multiple of around 4.8x adjusted EBITDA.

Via this deal, Columbia Care achieves the maximum number …

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