Cronos Completes Acquisition of CanAdelaar
Bitget2026/10/15 11:02- Cronos Group completed its acquisition of CanAdelaar for a base price of €57.5 million, subject to closing and post-closing adjustments.
- Additional cash payments will equal 0.5 times CanAdelaar's Normalized EBITDA in each of 2026 and 2027.
- The acquisition establishes a European operating platform through the market leader in the Netherlands' adult-use cannabis pilot program.
- The base price represents approximately 1.4 times net revenue and 2.9 times adjusted EBITDA, based on annualized first-half 2026 results.
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