Lucy Scientific Discovery Acquires BlueSky Wellness
September 12, 2023
Lucy Scientific Discovery Inc. (NASDAQ: LSDI) agreed to acquire BlueSky Wellness Inc. in an all-stock transaction that will add a portfolio of plant-based wellness CPG brands (Keoni, Keoni Sport, Blush Wellness, AMMA Healing) and e-commerce capabilities. BlueSky shareholders will receive 3.5 million Lucy shares plus up-to-five-year EBITDA-based earnouts; Lucy expects the combined transactions with its High Times IP acquisition to add at least $30 million in revenue and $10 million of EBITDA in the first 12 months.
- Buyers
- Lucy Scientific Discovery Inc.
- Targets
- BlueSky Wellness Inc.
- Sellers
- BlueSky Wellness shareholders
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Transaction Type
- Buyout
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