TerraVida Holistic Centers’ Merger with Verano Holdings Corp.

Buchanan Ingersoll & Rooney advised TerraVida Holistic Centers, LLC on the deal.

TerraVida Holistic Centers, LLC announced its agreement and planned merger with a subsidiary of Verano Holdings Corp. The merger consideration includes cash consideration of $62,500,000 and Class A Shares or Class B Shares of Verano Holdings equivalent to 3,013,500 Class A Shares on an as converted basis, including a minimum of 1,506,750 Class A Shares.

TerraVida operates three of Pennsylvania’s leading medical dispensaries in Southeastern Pennsylvania. TerraVida’s highly regarded female-led management team will stay in place following the acquisition.

The Buchanan team included Brian North (Picture), Richard DiStefano, Shareholders in the Corporate section, Joe Centeno, John Warner, Shareholder in the Tax section, Andrew Giorgione, Shareholder in the Government Relations group, and Audrey Distler, Associate in the Corporate section.

Involved fees earner: Joseph Centeno – Buchanan Ingersoll & Rooney; Richard DiStefano – Buchanan Ingersoll & Rooney; Audrey Distler – Buchanan Ingersoll & Rooney; Andrew Giorgione – Buchanan Ingersoll & Rooney; Brian North – Buchanan Ingersoll & Rooney; John Warner – Buchanan Ingersoll & Rooney;

Law Firms: Buchanan Ingersoll & Rooney;

Clients: TerraVida Holistic Centers;

Author: Martina Bellini