Cronos paid $300 million for a small CBD company, and CEOโ€™s private-equity firm stands to collect $120 million of it

Cronos paid $300 million for a small CBD company, and CEOโ€™s private-equity firm stands to collect $120 million of it
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Source: marketwatch.com

When Canadian cannabis company Cronos Group Inc. bought U.S. CBD startup Lord Jones for $300 million, the deal was noteworthy for two reasons: (1.) that the acquisition price was equal to 75 to 150 times the young companyโ€™s 2018 revenue of between $2 million and…

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