Bhang Inc. Acquires Red Ace Organics

Organigram Acquires Collective Project Limited to Enter U.S. Hemp-Derived THC Beverage Market

April 1, 2025

Food & Beverage

Organigram Global Inc. acquired 100% of Collective Project Limited for approximately C$6.2 million upfront, with milestone and earnout payments linked to future beverage revenue that could bring total contingent consideration to C$24 million. The deal gives Organigram an immediate footprint in the U.S. hemp-derived THC beverage market and accelerates its entry into the cannabis beverage category in Canada by adding Collective Project’s ready-to-drink hemp/cannabis beverage portfolio and existing U.S. retail listings.

Corby (Pernod Ricard) Acquires 90% Stake in Ace Beverage Group

June 13, 2023

Food & Beverage

Corby Spirit and Wine, the Canadian affiliate of Pernod Ricard, will acquire a 90% stake in Ace Beverage Group for an enterprise value of CAD 165 million, with call options to buy the remaining shares in 2025 and 2028. The deal gives Corby a stronger position in the fast-growing Canadian ready-to-drink (RTD) category and will leverage Corby's distribution network to scale ABG's Cottage Springs, Ace Hill and other brands across Canada.

Canopy Growth Acquires Ace Valley (AV Cannabis Inc.)

April 1, 2021

Consumer Products

Canopy Growth Corporation has completed the acquisition of AV Cannabis Inc. (Ace Valley), buying 100% of the Ontario-based cannabis brand to expand its portfolio of ready-to-enjoy products. Canopy plans to leverage its national sales, marketing and distribution capabilities to scale Ace Valley across Canada and optimize production to drive growth and margins.

Ace Beverage Group Acquires nude Beverages

August 20, 2024

Food & Beverage

Ace Beverage Group, a subsidiary of Corby Spirit and Wine, has acquired Vancouver-based ready-to-drink alcoholic beverage maker nude Beverages. The deal expands Ace Beverage Group's better-for-you RTD portfolio with nude's vodka soda and related brands; Capital West acted as exclusive financial advisor to nude Beverages.

Scandia Inc. Acquires Majority Stake in Xtreme Organics Inc.

June 17, 2021

Food & Beverage

Scandia Inc. (OTC: SDNI) has acquired a majority equity stake in Xtreme Organics Inc. to expand into the medicinal chemicals and botanical products market, including USDA-certified organic hemp supplements and CBG sports beverages. The acquisition brings Xtreme Organics' product portfolio and athlete-focused partnerships under Scandia's public company platform to support U.S. market growth and future expansion into Canada and Latin America.

LesserEvil Acquires Majority Stake in R.E.D.D. Bar

April 13, 2022

Food & Beverage

LesserEvil has acquired a majority stake in Portland, Maine–based R.E.D.D. Bar, marking LesserEvil's first acquisition and giving the company an entry into the functional bar category. LesserEvil will move R.E.D.D. production to its Danbury, Connecticut facility, incorporate the R.E.D.D. team (including founder Alden Blease), and integrate the brand into its better-for-you snack portfolio.