Etain, LLC
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Etain, LLC - overview
Established
2015
Location
New York, NY, US
Primary Industry
Consumer Products
About
Based in New York, US, and founded in 2015, Etain, LLC, also known as Etain Health is a family-owned business that cultivates and retails medical cannabis products for patients. The company was founded by Amy Peckham (CEO), Hillary Peckham (COO), and Keeley Peckham, and in March 2022, RIV Capital agreed to acquire a controlling stake in Etain, LLC for USD 247 million. As of May 2022, the firm operates 4 dispensaries in Manhattan, Kingston, Syracuse, and Yonkers. The company mainly offers 4 product formulations of medical cannabis, namely Etain™ Dolce, Mezzo, Balance, and Forte, which are available in the form of capsules or edibles, flowers, lotions, lozenges, sprays, vaporizers, and tinctures.
Etain, LLC cultivates cannabis from its licensed facility and sells products through its retail stores. Additionally, the customers can place orders through the firm’s website, and pick up products from its dispensaries (the firm also sells apparel and accessories). Furthermore, Etain, LLC distributes medical marijuana and related products to various dispensaries across New York. The acquisition by RIV Capital will help the company strengthen and expand its reach in New York.
The firm intends to open additional four dispensaries as well as an indoor cannabis cultivation facility to specifically cater to the needs of the premium New York market.
Primary Industry
Consumer Products
Sub Industries
Clothing, Accessories, Drug Stores/Convenience Stores, Alternative Medicine
Website
www.etainhealth.com
Verticals
Cannabis/Medical Marijuana, E-commerce, Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Etain, LLC - deals
| Deals Type | 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Announced | Etain, LLC | - |
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