HEXO Corp Acquires 48North Cannabis Corp.
May 17, 2021
HEXO Corp. agreed to acquire all outstanding common shares of 48North Cannabis Corp. in an all‑share plan of arrangement valued at approximately $50 million on an enterprise value basis. The deal is intended to strengthen HEXO’s position in the Canadian adult‑use market, diversify its product portfolio (including topicals and other CPG formats) and realize up to ~$12 million of annual synergies within one year of closing.
- Buyers
- HEXO Corp.
- Targets
- 48North Cannabis Corp.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
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.
-
HEXO Corp Acquires Redecan to Create Canadian Adult-Use Market Leader
May 28, 2021
Consumer Products
HEXO Corp agreed to acquire all outstanding shares of Redecan for a total purchase price of $925 million payable in cash and HEXO common shares. The deal combines HEXO's national footprint and international reach with Redecan's efficient greenhouse production, strong pre-roll technology and leading market share in key Canadian provinces to create a market leader in Canadian adult-use cannabis.
-
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.
-
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.
-
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.
-
CPS Fluidics Acquires Hexano Corp
December 13, 2022
Medical Devices
CPS Fluidics, a Wallingford, Connecticut-based contract manufacturer focused on microfluidics for the life sciences, has acquired Hexano Corp, a microfluidic cartridge manufacturer founded in 2018. The acquisition brings Hexano founder Andre Babineau into CPS Fluidics as VP of Sales and is intended to expand CPS Fluidics' manufacturing, prototyping capabilities and domestic and international market reach.
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.