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nuEra Cannabis Becomes a Vertically Integrated Illinois Powerhouse with Ieso Acquisition

Feb 06, 2024•almost 2 years ago

Acquiring Company

nuEra Cannabis

Acquired Company

Ieso

ChicagoIllinoisAlternative MedicineManufacturing

Description

nuEra Cannabis, a leading Illinois cannabis retailer, has become a fully vertically integrated player with the strategic acquisition of Ieso, which holds one of only 20 full-scale cultivation licenses in the state. This acquisition marks a significant expansion milestone for nuEra, allowing the company to enhance its cultivation facilities and develop new product lines.

Company Information

Company

nuEra Cannabis

Location

Chicago, Illinois, United States

About

Welcome to a new era of Cannabis! The name nuEra highlights the fact that legalization in Illinois didn't just change the laws on the books - it unleashed a whole new era of cannabis. An era in which cannabis is safer, higher quality and available in a greater variety than ever before. Canna-consumers have more methods of consumption, more strains, more precise dosage labeling, and better information about the effects of each of our products than any generation before them.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed