Item 9 Labs Corp. Closes Acquisition Of Adams County, Colorado Dispensary
Mar 04, 2022•over 3 years ago
Acquiring Company
Item 9 Labs
Acquired Company
Adams CountyDispensary
Food And BeverageHealth CareCommunity And Lifestyle
Description
Item 9 Labs Corp. (OTCQX: INLB) (the "Company") — a vertically integrated cannabis dispensary franchisor and operator that produces premium, award-winning products — announced today that it has closed its acquisition of an existing dispensary license and storefront in Adams County, Colorado.
M&A Insights
Based on deal dataIntegration 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