Last week, we published an article that highlighted some of the recent merger and acquisition (M&A) activity within the legal marijuana industry.

In this article, we explained how the legal marijuana industry is in the early innings of a major consolidation cycle and how we expect this trend to significant accelerate over the next year.

This trend is already showing signs of heating up and today, we have highlighted 4 significant acquisitions that have taken place in the last quarter.

Isodiol: Acquires Hemp Business to Increase Market Share

Before the market closed on Friday, Isodiol International Inc. (ISOL.CN) (ISOLF) announced that it entered a binding agreement to acquire Be Trū Organics, a formulator, marketer, and seller of a proprietary line of hemp extract products.

Be Trū has a proprietary product line (i.e. topicals, oral sprays, and edibles) that contain blends of more than 75 organic botanical terpenes and sold under the company’s Be Trū Organics, Canatrū, and Cebatrū brands.

This is a significant acquisition for the bioactive phytoceutical innovator that specializes in the development of pharmaceutical and wellness products. The market has responded very favorably to Isoldiol’s recent developments and continued execution. We remain favorable on Isodiol and investors need to keep an eye on this stock.

Aurora Cannabis Acquires Larssen

Last month, Aurora Cannabis (ACB) (ACBFF) signed a definitive agreement for the acquisition of Larssen Ltd. The company anticipates completing the acquisition within the coming weeks. We are favorable on this acquisition as it will significantly enhance the services that Aurora provides to the legal cannabis industry.

Larssen, a Canadian company that has set the industry standard in high-tech, automated, environmentally controlled greenhouses for over 30 years, has consulted on the design, engineering, and construction oversight of many of the world's most advanced greenhouse cultivation facilities. Larssen has been involved with over 1,000 projects around the globe.

This acquisition did not sit well with everyone and Canopy Growth Corp. (WEED.TO) (TWMJF) plans to help any licensed producer negatively impacted by this acquisition. We are favorable the rivalry between these two licensed medical marijuana producers and will keep an eye on how this situation continues to develop.

IIPR Make Major Arizona Acquisition

Last week, Innovative Industrial Properties (IIPR) expanded its react and executed an agreement to purchase a property in Arizona comprising over 350,000 square feet of greenhouse and industrial space in a sale-leaseback transaction with a subsidiary of The Pharm, LLC. Concurrent with the closing of the purchase, the company expects to enter a long-term, triple-net lease agreement with The Pharm subsidiary, which intends to continue to use the facility for medical cannabis cultivation.

Innovative Industrial will purchase the property is $15 million and the Pharm subsidiary, as tenant, is expected to make certain improvements at the property after the closing of the transaction, for which the company has agreed to reimburse up to $3 million of expenses. Assuming full payment of the tenant improvement allowance, the company's total investment in the property will be $18 million.

The initial term of the lease is 15 years, with two options to extend the term for two additional five-year periods. The lease provides for an initial annualized aggregate base rent of $2,520,000 (14% of the sum of the purchase price and the tenant improvements), subject to an initial partial rent abatement. The aggregate base rent is subject to 3.25% annual increases during the term of the lease, and The Pharm subsidiary is also responsible for paying the company a property management fee equal to 1.5% of the then-existing base rent.

Namaste Adds Significant Top Line Revenue Through Acquisition

Namaste Technologies Inc. (N)(NXTTF) announced last month that it was acquiring Brazil’s largest vaporizer retailer, vaptvupt.lojaintegrada.com.br, in consideration of signing an exclusive fulfillment agreement for Namaste's Brazilian operations.  The acquisition of VapeBr is accretive in nature and will add over CAD $1M in additional revenue to Namaste's current revenue stream.

As a result of this transaction, Namaste plans to greatly expand the VapeBr product offering, as it sees very strong growth potential in the Brazilian market. The acquisition of the VapeBr e-commerce platform will not only have an immediate impact on Namaste's revenue, but the amalgamation will also add over 10,000 additional customers to Namaste’s growing global database of cannabis users.

Namaste has been a stock to watch over the last month and the shares have surged off its lows. We are keeping an eye on how the shares continue to trade and are favorable on the market’s response to the recent developments and continued execution.