Tyson 2.0, Mike Tyson'S Premium Cannabis Brand, Announces Acquisition Of Majority Stake In Ric Flair Drip, Inc.
Mar 24, 2022•over 3 years ago
Acquiring Company
Tyson 2.0 Inc.
Acquired Company
Majority Stake
ChicagoDescription
Tyson 2.0, legendary boxer, entrepreneur and cannabis advocate Mike Tyson's newly launched cannabis company, today announced the acquisition of a majority stake in Ric Flair Drip, Inc., the 16 time World Heavyweight Wrestling Champion's business entity with an aim to launch a second celebrity cannabis line in its portfolio furthering their house of brands strategy.
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