Golden Leaf Holdings Acquires 80% Stake in Fifth & Root

Innovative Food Holdings Acquires Assets of Golden Organics

October 18, 2024

Food & Beverage

Innovative Food Holdings, Inc. (IVFH) entered into a definitive agreement to acquire 100% of the assets of Golden Organics, LLC for $1.75 million ($1.4M cash and a $350k five-year seller note). Golden Organics, a Denver/Golden, Colorado-based specialty organic food distributor with ~$6.8M trailing-twelve-month revenue and a 22,000 sq. ft. leased warehouse, will expand IVFH's product assortment, sourcing capabilities and customer base across foodservice, manufacturing and retail channels.

High Tide Inc. Acquires 80% of NuLeaf Naturals

November 22, 2021

Consumer Products

High Tide Inc. has agreed to acquire an 80% stake in Denver-based NuLeaf Naturals for US$31.24 million, with a three-year option to buy the remaining 20%. The deal strengthens High Tide's vertical integration and global CBD capabilities by adding NuLeaf's cGMP-certified manufacturing, vegan softgel technology and D2C e-commerce distribution.

Neptune Wellness Solutions Acquires SugarLeaf Labs and Forest Remedies

July 24, 2019

Manufacturing

Neptune Wellness Solutions Inc. completed the acquisition of substantially all assets of SugarLeaf Labs, LLC and Forest Remedies LLC, expanding Neptune's U.S. hemp extraction and finished-product manufacturing capacity. The initial consideration was US$18 million (US$12M cash and US$6M common shares) with potential earnouts up to US$132 million tied to performance; the deal adds a 24,000 sq. ft. North Carolina facility and expected extraction run-rate capacity to Neptune's North American platform.

Columbia Care Acquires Green Leaf Medical

December 22, 2020

Healthcare Services

Columbia Care Inc. has signed a definitive agreement to acquire Green Leaf Medical, LLC for approximately $240 million ( $45 million cash and $195 million in Columbia Care common shares). The acquisition expands Columbia Care's cultivation, manufacturing, retail and wholesale footprint across Pennsylvania, Maryland, Ohio and Virginia, and is expected to be immediately accretive to margins and EBITDA pending regulatory approvals.

Curaleaf Holdings Acquires Northern Green Canada

March 19, 2024

Pharmaceuticals

Curaleaf Holdings, Inc. has signed a deal to acquire Northern Green Canada, an EU-GMP certified Canadian licensed cannabis producer, to secure high-quality indoor EU-GMP flower supply and bolster Curaleaf's European and Australasian expansion. The acquisition is expected to close in Q2 2024 pending regulatory approvals and will strengthen Curaleaf's supply chain for key markets including Germany, Australia/New Zealand and the U.K.

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.