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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Cronos Completes Acquisition of CanAdelaar
Cronos Group completed its acquisition of CanAdelaar for a base price of €57.5 million, subject to closing and post-closing adjustments. Additional cash payments will equal 0.5 times CanAdelaar's Normalized EBITDA in each of 2026 and 2027. The acquisition establishes a European operating platform through the market lea