The Flowr Corporation Acquires Terrace Global Inc.
October 19, 2020
The Flowr Corporation (TSXV: FLWR) will acquire all outstanding common shares of Terrace Global Inc. (TSXV: TRCE) in a court‑approved plan of arrangement in a share‑based transaction valuing Terrace at approximately $63 million. The deal (0.4973 Flowr shares per Terrace share, implied $0.22 per Terrace share) is intended to strengthen Flowr's international presence and create a vertically integrated cannabis platform with enhanced liquidity and reduced indebtedness.
- Buyers
- The Flowr Corporation
- Targets
- Terrace Global Inc.
- Sellers
- Terrace Global Inc., Terrace Global shareholders
- Industry
- Consumer Products
- Location
- Canada
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Flora Growth Corp Acquires Franchise Global Health Inc.
December 23, 2022
Pharmaceuticals
Flora Growth Corp. (NASDAQ: FLGC) completed the acquisition of all issued and outstanding shares of Franchise Global Health Inc. (TSXV: FGH) on December 23, 2022 via a statutory plan of arrangement, issuing 43,525,951 Flora common shares to FGH shareholders. FGH is a multi-national medical cannabis and pharmaceutical operator with principal operations in Germany that services more than 1,200 pharmacies; the deal provides Flora an operational footprint in Germany and expanded distribution capability into the European Union.
-
Canopy Growth Acquires The Supreme Cannabis Company
April 8, 2021
Consumer Products
Canopy Growth Corporation agreed to acquire all outstanding shares of The Supreme Cannabis Company in an all‑share arrangement valuing the transaction at approximately C$435 million on a fully diluted basis. The deal adds Supreme’s premium brands (including 7ACRES) and a scalable Kincardine cultivation facility to Canopy’s portfolio, strengthening Canopy’s Canadian market position and providing operational and brand synergies.
-
Tilray Acquires Aphria to Create New Tilray (Business Combination)
May 3, 2021
Consumer Products
Tilray and Aphria completed their previously announced business combination, with Aphria shareholders receiving 0.8381 Tilray shares for each Aphria common share. The combined company will operate as Tilray, creating a global cannabis consumer packaged goods leader with expanded geographic footprint, product portfolio and targeted annual pre-tax cost synergies of approximately US$81 million.
-
Tilray Brands Acquires HEXO Corp.
April 10, 2023
Consumer Products
Tilray Brands, Inc. will acquire all issued and outstanding common shares of HEXO Corp. under a court-approved plan of arrangement, with HEXO shareholders receiving 0.4352 Tilray shares per HEXO share (implying US$1.25 per HEXO share based on a 60-day VWAP). The deal, announced alongside a waiver and amendment agreement to address HEXO's near-term covenant and liquidity issues, is intended to combine HEXO's cultivation and brand assets with Tilray's larger cannabis and CPG platform.
-
Fraser Valley Building Supplies Acquires Terrace Builders Centre and Terrace Carpet Centre
March 22, 2021
Building Products
Fraser Valley Building Supplies, a portfolio company of Krystal Growth Partners, has acquired Terrace Builders Centre and Terrace Carpet Centre (Your Décor) in Terrace, British Columbia. The deal increases FVBS's store count to eight in British Columbia, will convert the Terrace Builders Centre to the RONA banner following an interior renovation, and adds planned e-commerce offerings for Terrace residents.
-
Flora Growth Acquires JustCBD
February 28, 2022
Consumer Products
Flora Growth Corp. acquired 100% of the equity interests in Just Brands LLC and High Roller Private Label LLC (owners of the JustCBD brand) for $16.0 million in cash plus 9.5 million Flora common shares. The acquisition adds a Fort Lauderdale manufacturing and distribution operation, a DTC business with ~300,000 customers and wholesale placement in over 14,000 stores, and is intended to accelerate Flora's U.S. CPG growth and distribution synergies.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.