Prima Acquires Prospect Farms to Form Uplifter Brands

December 13, 2022

Prima has acquired Prospect Farms, a vertically integrated USDA Certified Organic hemp farm and manufacturing complex in Prospect, Maine, and together the businesses will operate as Uplifter Brands, PBC. The deal gives Prima in-house cultivation, formulation and fulfillment capabilities to accelerate growth across personal care, supplements, spa/hospitality and pet wellness and is backed by strategic investors including Maximalist, Greycroft, Lerer Hippeau, Global Founders Capital, Ropart Asset Management and Platform Ventures.

Buyers
Prima, Uplifter Brands, PBC, Spencer Potts, Maximalist, Greycroft, Lerer Hippeau, Global Founders Capital, Ropart Asset Management, Platform Ventures
Targets
Prospect Farms
Location
Maine, United States
Transaction Type
Buyout

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