Bluma Wellness Inc. Asset Profile

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Year established

2003

Location

Fort Lauderdale FL US

Primary Industry

Healthcare

About

Based in Florida, US, and founded in 2003, Bluma Wellness Inc. d.b.a One Plant Florida owns and operates a vertically integrated, licensed medical cannabis company. Brady Cobb is the current CEO of the company. In 2021, Cresco Labs, LLC, a portfolio company of Merida Capital Holdings, acquired Bluma Wellness Inc. from Sol Global Investments for USD 213 million in a public to a private transaction. The company focuses on the production and supply of best-in-class cannabis through an efficient operating model, strategically situated dispensary and delivery hubs. The company has a genetic bank of cannabis and chemovars: grower’s reserve (MAC 1, Dirty Lemons, London Pound Cake, Runtz, Sour Dubb), grower’s choice (Ice Cream Cake, Chem 4 Fish Whistle, Chem Sis, I-75, Ebony & Ivory), grower’s select: Giesel, Vanilla Berry Pie, Darth Revan, Sherb D, Blueberry Muffin, Star Dawg). The company plans to open additional One Plant Florida retail dispensaries and/or delivery hubs in Fort Lauderdale (May 2021), Oakland Park (June 2021), and Tallahassee (late June 2021).

Current Investors

Cresco Labs, LLC

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Primary Industry

Healthcare

Sub Industries

Alternative Medicine

Website

www.blumawellness.com

Verticals

Cannabis/Medical Marijuana

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Bluma Wellness Inc.	14 Jan 2021

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