Curaleaf, Grassroots receive US DOJ second request for information on cannabis merger
13 Sep 2019 12:35 pm
Cannabis company Curaleaf Holdings has received a second request for information from the US Department of Justice regarding its planned $875 million acquisition of GS Companies, also known as Grassroots, MLex has learned.
Curaleaf and Grassroots announced the deal on July 17 and filed US antitrust paperwork on Aug. 14. The merger would create the US's largest cannabis company in terms of revenue, the companies have said.
The companies are working to comply with the request, it is understood.
The move by the DOJ marks the latest in a string of at least seven second requests issued by the agency on pending cannabis mergers so far this year.
That includes another Curaleaf deal, the $940 million purchase of Select Brands, a West-Coast leader in THC-infused vaping oils, disclosed in May. The company has said it aims to comply with that request by the end of September.
19 Oct 2020 10:29 pm by Kirk VictorA recommendation in the House Judiciary Committee’s 452-page report on competition in digital markets is sparking debate.
08 Oct 2020 1:26 pm by Victoria IbitoyeVisa's UK clearance to buy Plaid showed the Competition and Markets Authority to be unafraid of evaluating and dismissing "killer acquisition" concerns.
18 Sep 2020 2:58 pm by Natalie McNelisThe LSE’s planned sale of Borsa Italiana probably won’t in itself be enough to secure EU approval for its purchase of financial data powerhouse Refinitiv.