Industry

Healthcare

Company Type

Cannabis

Size

$5 Million

Investment Type

Equity

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VERDE USA

VERDE USA

Overview 

 

Verde is an established cannabis operator with over six years of operational history


Grows and sells medical- and adult-use products in Oregon and Oklahoma


Assets include a 16-acre greenhouse/outdoor grow facility, two retail dispensaries, and a license for extraction in Oregon, as well as a fully vertically integrated business in Oklahoma complete with an indoor cultivation facility, processing facility, and two dispensaries


Plan to develop, acquire, and roll-up a strong pipeline of privately owned cannabis businesses across the US, including indoor/outdoor/greenhouse cultivators and retail licensees


Proven track record of turning around distressed assets and integrating operations

Verde USA is a vertically integrated multi-state cannabis operator seeking to raise $5 million for roll-up acquisitions in the cannabis industry.

VERDE USA

Opportunity

 

The US cannabis industry is highly fragmented


US market expected to reach $100 billion by 2030, from $65 billion in 2021


The industry expansion fueled by more states legalizing cannabis and consumers shifting from illegal to legal markets


Banking continues to be a challenge as cannabis companies within the US cannot legally access traditional banking services


The cannabis industry continues to evolve, providing an ideal opportunity for a roll-up strategy

VERDE USA

Solution

 

Robust roll-up strategy to acquire and integrate single asset operators with cash/equity acquisitions


Will keep management in place, and oversee their operations of the assets


Identified 40+ roll-up opportunities


Signed LOI for first transaction; second transaction in advanced negotiation

VERDE USA

Strategy

 

EXPAND

Expand into emerging markets such as South  Dakota, Mississippi,  and Montana, expected to be  largely overlooked by the current major  multi state operators.

ROLL-UP

Identify and roll-up  successful single-asset  operators into Verde’s  vertically integrated  business to provide  funding, best practices,  and access to the  supply chain needed for  continued growth

SCALE

Scale and build the Verde  brand by focusing on  driving new customer  engagement and retention.  Build and  buy additional assets

CREATE VALUE

Scale and build the Verde  brand by focusing on  driving new customer  engagement and retention.  Build and  buy additional assets

VERDE USA

 Management Team

William D. Merritt

Founder/CEO

 

Lawyer by trade – developed legal practice at the world-wide firm, Jones Day


After leaving the practice of law, founded a real estate development group in the booming North Texas market


Founded Verde in 2016, and developed the business significantly since inception


Assembled a diverse operating team that oversees the day-to-day operations of this business

Amy B. Merritt

Co-Founder and Senior Vice President

 

Lawyer by trade – developed her legal practice at Meadows Owens


After leaving the practice of law, worked extensively in real estate development


Deep understanding of building start-up businesses – proven track record of achieving operational and compliance excellence throughout all business lines.

VERDE USA

Learn More About This Transaction
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Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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