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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.
