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Jars Cannabis To Acquire Euflora, Expanding Retail Footprint In Colorado

Nov 07, 2022•about 3 years ago

Acquiring Company

JARS Cannabis

Acquired Company

Euflora

CannabisAgriculture and Farming

Description

JARS Cannabis, a privately held, multi-state operating cannabis brand and retailer, today announced it has entered into a definitive agreement to acquire Euflora LLC, a premier collective of boutique recreational marijuana dispensaries in Colorado. Adding one cultivation center and greenhouse, along with 6 recreational storefronts to its portfolio, the completion of the transaction will increase JARS' retail operations to include a total of 26 storefronts across three states and solidify its positioning as a leading purveyor of affordable and accessible cannabis products in the nation's second and third largest cannabis markets.

Company Information

Company

JARS Cannabis

About

JARS Cannabis is a privately held, multi-state operating cannabis brand and retailer with a portfolio of recreational storefronts in Arizona, Colorado, and Michigan. Headquartered in Troy, Michigan, JARS established operations in 2020 and has grown to collectively operate one greenhouse, one indoor cultivation center, and 26 retail storefronts across the US, while offering approximately 6,000 product SKUs from more than 250 emerging and established cannabis brands of various categories and price points. As a culturally inspired organization, JARS is on a mission to rewrite the existing narratives that surround cannabis and seeks to empower the future leaders of our industry while creating an inclusive environment that is fueled by celebrating the intersection of cannabis with creativity, community, and collaboration. Employing a community-focused approach, JARS Cannabis is committed to providing the highest quality of products, with the widest variety of options, at prices people can afford, ensuring the integration of cannabis into any lifestyle is both easy and approachable. For more information, visit www.jarscannabis.com.

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