Pot Giants Ayr, Planet 13 Ink Deals Worth $135M Combined – Law360

Law360 (September 1, 2021, 9:31 PM EDT) — Two cannabis companies announced that they inked deals on Wednesday, with multistate cannabis operator Ayr Wellness Inc. sharing that it struck an $80 million deal for three Pennsylvania pot shops, while Nevada-based dispensary Planet 13 hatched a $55 million deal to enter the Florida market.

Ayr Wellness shared in a Wednesday statement that it plans to acquire PA Natural Medicine LLC, which operates three retail dispensaries in the Quaker State. Ayr said in its announcement that the $80 million upfront payment includes $35 million in cash, $20 million in stock and $25 million in seller notes.

A potential earnout of up…

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