Yooma Wellness Inc. Acquires Socati Corp.
March 19, 2021
Yooma Wellness Inc. agreed to acquire U.S.-based Socati Corp. in a merger valued at US$25.0 million, implemented by issuing common shares of Yooma as consideration. The deal gives Yooma access to Socati's cannabinoid ingredient manufacturing capabilities (including a 22,000 sq. ft. Montana facility) and expands Yooma's geographic footprint and vertical integration into the United States.
- Buyers
- Yooma Wellness Inc.
- Targets
- Socati Corp.
- Industry
- Manufacturing
- Location
- Texas, United States
- Transaction Type
- Buyout
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