Cronos completes acquisition of CanAdelaar
Cronos says it has completed the acquisition of CanAdelaar, described as Europe’s largest adult-use cannabis company.
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11:03:04 AM UTC
SquawkNews
Cronos Completes Acquisition Of CanAdelaar, Europe's Largest Adult-Use Cannabis Company >CRON.T
11:05:20 AM UTC
SquawkNews
Cronos Group entered into an addendum to its Share Sale and Purchase Agreement and closed the acquisition of CanAdelaar, one of ten licensed growers in the Dutch cannabis experiment. The deal closed for a base purchase price of €57.5 million, subject to adjustments, with potential earn-outs equal t…
11:08:08 AM UTC
SquawkNews
Cronos Group Inc. completed its acquisition of CanAdelaar for a €57.5M base price, plus cash earnouts equal to 0.5x Normalized EBITDA in 2026 and 2027. The deal gives Cronos a platform in the Netherlands’ adult-use cannabis pilot with claimed top market share.Material DetailsContext by AI AnalystTh…