NewLeaf Brands Acquires Colorado-Based Mydecine Group
April 6, 2020
NewLeaf Brands Inc. signed an LOI and subsequently a definitive agreement in April 2020 to acquire Mydecine Group, a Colorado-headquartered company focused on medicinal and infused mushroom cultivation, processing, product development and R&D. The deal contemplated the purchase of 100% of Mydecine for USD $850,000 payable in NewLeaf common shares; NewLeaf later operated the business as a wholly-owned subsidiary and rebranded to Mydecine Innovations Group.
- Buyers
- NewLeaf Brands Inc.
- Targets
- Mydecine Group
- Industry
- Biotechnology
- Location
- Colorado, United States
- Transaction Type
- Buyout
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