Cannabis retailer inks deal with CannaMLS, garnering insight into deal flow across the industry
WASHINGTON: Cannabis retailer Have a Heart today announced its acquisition of CannaMLS, a leading cannabis brokerage company, for an undisclosed amount. The deal comes at a time when acquisitions are sweeping the cannabis sector, as increasing legalization draws the attention of big business.
“The cannabis sector has seen incredible growth, reaching $10 billion this year in the United States alone,” said Ryan Kunkel, Have a Heart’s CEO. “We chose CannaMLS because of their wide reach across the nation with more than 1,000 listings equaling over $1.5 billion in revenues. Their expanding agent referral network and unique agent training program differentiates them as a key player in this space, and provides Have a Heart with a strong strategic expansion advantage.”
CannaMLS was founded in 2015 as a resource for the Cannabis industry. It provides an online forum to view and post cannabis businesses for sale. Clients can post or review listings and/or licenses for cultivation, processing, retail or real estate investment.
“We’re excited about this acquisition,” said Jesse Zesbaugh, CannaMLS partner. “Have a Heart is a company with vision and purpose, and we look forward to being part of its bright future.”
Have a Heart was recently rated by High Times as one of the best cannabis dispensaries in the United States, and earned the distinction as Seattle’s top-selling cannabis retailer from the Puget Sound Business Journal. The company recently closed $25 million in series A financing, the largest private financing round for a pure-play U.S. retail cannabis company to date.
Have a Heart has retail stores across the nation, including in Washington, Hawaii, Oregon, California and now Iowa, with additional stores opening soon in Ohio. The company has more than eighteen applications pending, including in five additional states. In addition, it has more than twenty sites under negotiation with potential merger partners in another four states.