11 Acquisitions in the Cannabis industry - Flippa
Company acquisitions in the Cannabis industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.
In this blog post, we are taking a closer look at 11 acquisitions that took place in the Cannabis industry.
Abaca acquired by Safe Harbor Financial
Details about the transaction:
Acquisition amount: $30,000,000
Announcement: 31 October 2022
Details about the company:
The U.S. cannabis sector can use Abaca's banking, payment processing, lending, and treasury management services.
Headquarter:
Where to find them: Website
Industry: Banking, Cannabis, Financial Services, FinTech
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Arbor Vita8 acquired by GRENex INC.
Details about the transaction:
Acquisition amount: $12,500,000
Announcement: 15 December 2022
Details about the company:
Bulk cannabis products are sold by Arbor Vita8, a firm that distributes and processes hemp.
Headquarter:
Where to find them: Website
Industry: Agriculture, Cannabis, Farming, Pharmaceutical
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Boulder Botanical & Bioscience Labs acquired by Real Brands
Details about the transaction:
Acquisition amount: $12,000,000
Announcement: 27 September 2022
Details about the company:
Research and Development (R&D) for unique formulations is a specialty of Boulder Botanical & Bioscience Labs.
Headquarter:
Where to find them: Website
Industry: Biotechnology, Cannabis, Health Care
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Calma Weho acquired by The Parent Company
Details about the transaction:
Acquisition amount: $1,500,000
Announcement: 27 September 2022
Details about the company:
A cannabis dispensary is run by Calma Weho.
Headquarter:
Where to find them: Website
Industry: Cannabis
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Franchise Global Health acquired by Flora Growth
Details about the transaction:
Acquisition amount: $29,200,704
Announcement: 24 October 2022
Details about the company:
Franchise Global Health Inc. ("FGH") is a multinational company that operates in the medicinal cannabis industry through its subsidiaries.
Headquarter:
Where to find them: Website
Industry: Cannabis, Medical
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
GrowHealthy Holdings acquired by iAnthus
Details about the transaction:
Acquisition amount: $48,000,000
Announcement: 17 January 2018
Details about the company:
providing medicinal marijuana products of the highest quality, suitable for healing and comfort.
Headquarter:
Where to find them: Website
Industry: Agriculture, Cannabis, Health Care, Medical
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Jimmy's Cannabis Shop acquired by High Tide
Details about the transaction:
Acquisition amount: $5,300,000
Announcement: 29 December 2022
Details about the company:
Jimmy's Cannabis Shop sells marijuana in a professional capacity.
Headquarter:
Where to find them: Website
Industry: Cannabis
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Next Green Wave acquired by Planet 13 Holdings
Details about the transaction:
Acquisition amount: $70,419,810
Announcement: 21 December 2021
Details about the company:
A premium seed to consumer premium medical and recreational cannabis enterprise, Next Green Wave is vertically integrated.
Headquarter:
Where to find them: Website
Industry: Cannabis
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
NuLeaf Naturals acquired by High Tide
Details about the transaction:
Acquisition amount: $31,240,000
Announcement: 22 November 2021
Details about the company:
We are enthusiastic in assisting people in living happier, healthier lives here at NuLeaf Naturals.
Headquarter:
Where to find them: Website
Industry: Cannabis, Consumer Goods, Organic
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Plus Products acquired by Glass House Brands
Details about the transaction:
Acquisition amount: $25,600,000
Announcement: 20 December 2021
Details about the company:
Gummies containing dosed CBD and no THC are produced by Plus Products and delivered to clients' doors.
Headquarter:
Where to find them: Website
Industry: Cannabis, Consumer Goods, Food and Beverage, Manufacturing, Product Search
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Platinum Vape acquired by Red White & Bloom (RWB)
Details about the transaction:
Acquisition amount: $35,000,000
Announcement: 22 July 2020
Details about the company:
Platinum Vape is an alliance of marijuana businesses driven by the desire to create an oil that is potent, reliable, and appealing.
Headquarter:
Where to find them: Website
Industry: Cannabis, Farming
Details about the buyer:
Visma offers services and company software for administration and accountancy.
Headquarter:
Where to find them: Website
Ray is the VP of Sales at Flippa and has a passion for helping buyers find their dream digital asset, and helping sellers find a successful pathway to exit. Ray is motivated to create a more intuitive way to buy and sell online businesses, with success in managing multi-million dollar deals.
