Sproutly Acquires Assets of CannaHive Inc.

August 16, 2021

Sproutly Canada, Inc. has acquired the primary assets of CannaHive Inc., giving Sproutly pharmaceutical-grade, fully automated equipment to produce cannabis edibles (gummies and chocolates) at scale. The asset acquisition gives Sproutly in-house manufacturing capability and improved economics to support a national launch of its whole-plant confectionary products in Canada.

Buyers
Sproutly Canada, Inc.
Targets
CannaHive Inc.
Sellers
CannaHive Inc.
Industry
Food & Beverage
Location
Canada
Transaction Type
Divestiture

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