Acquisition of 365 Cannabis
Deal Overview
Business Overview
• 365 Cannabis is built on Microsoft's Dynamics 365
Business Central and serves the cannabis supply chain
Over 85 customers, multi-year contracts
$8.2 million in LTM Revenue
●
●
Deal Terms
Acquisition price of $17.0 million
2.1x LTM Revenue
Consideration in the form of $4.0M cash, $13.0M stock
• Potential $8.0 million earn-out subject to achievement
of recurring revenue target
• Targeting October 2021 closing
●
●
Investment Highlights
$5.2 million LTM SaaS Revenue
• 70%+ Software Margins
•
85+ Customers
You closed 16 more deals than
in the same period last year
$1,906
1
$63,890
W
$49,422
-
0
O
Microsoft®
SQL Server
X
لسا
Power BI
The largest posted sales
invoice was for $21,581
P
$98,188
N
Microsoft Azure
6View entire presentation