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
- Industry
- Consumer Products
- Location
- Maine, United States
- Transaction Type
- Buyout
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