HempFusion Wellness Acquires Sagely Naturals

HempFusion Acquires Apothecanna

May 17, 2021

Consumer Products

HempFusion Wellness Inc. has acquired 100% of APCNA Holdings LLC (Apothecanna) for initial consideration of US$15.0 million, with up to US$10.0 million in additional milestone payments tied to revenue targets. The deal expands HempFusion's retail distribution (adding ~1,800 stores including CVS), bolsters its e-commerce presence, and is immediately accretive based on Apothecanna's ~US$3.8–4.0 million 2020 revenue.

Abacus Health Products Acquires Harmony Hemp

February 10, 2020

Consumer Products

Abacus Health Products acquired the principal assets of the companies owning the Harmony Hemp brand for aggregate consideration of US$5.5 million payable in cash and subordinate voting shares over 24 months. Harmony Hemp, based in Salt Lake City, is a CBD-infused personal care brand with distribution in more than 4,000 U.S. retail locations and generated approximately US$2.2 million of revenue in 2019; the brand's founders will join Abacus' senior management and the acquisition was completed through Abacus' wholly owned subsidiary Abacus Wellness, Inc.

BevCanna Enterprises Acquires Naturally Pure Therapy Products Corp.

September 4, 2020

Consumer Products

BevCanna Enterprises Inc. entered into a share exchange agreement to acquire Naturally Pure Therapy Products Corp., a direct-to-consumer e-commerce retailer of natural health, nutraceutical and hemp-based CBD products. BevCanna will issue 30,000,000 common shares (deemed $0.20 per share; total deemed consideration C$6,000,000) in exchange for all issued and outstanding securities of Pure Therapy, providing BevCanna with an established e-commerce platform, ~22,000 customers and recurring subscription revenue to support launch and expansion of hemp-based CBD beverages into North America and Western Europe.

Young Living Acquires Nature's Ultra

July 18, 2019

Consumer Products

Young Living Essential Oils has acquired Nature's Ultra, a Colorado-based hemp farming and CBD product company with more than 1,500 acres of organic hemp. Nature's Ultra will continue to operate independently while supplying CBD isolate-infused products that will be combined with Young Living's Seed to Seal-certified essential oils and sold to Young Living customers.

Bayou City Hemp Company Acquires LeafLife Wellness

June 18, 2020

Consumer Products

Bayou City Hemp Company, Inc., a Houston-based hemp processing and extraction company, has completed the acquisition of Leaf Life, Inc. (LeafLife Wellness), a Dallas-based CBD retail company that formulates, manufactures and distributes CBD-infused skincare, cosmetics and wellness products. The acquisition vertically integrates Bayou City Hemp’s supply chain—LeafLife will use Bayou City Hemp distillate and isolate—and expands the acquirer’s retail, white-label and online distribution capabilities; the deal is expected to be accretive to earnings.

Vertical Wellness Merges with CanaFarma Hemp Products Corp.

June 30, 2021

Consumer Products

Vertical Wellness has entered into a merger with publicly listed CanaFarma Hemp Products Corp., creating a combined company that will operate under the CanaFarma corporate entity while keeping the Vertical Wellness brand. Vertical Wellness management will run the combined business, which the companies say creates a public platform (valued at over $50 million at announcement) to scale a portfolio of CBD and hemp-related consumer brands and services.