BevCanna Acquires Embark Health Inc.

September 19, 2021

BevCanna Enterprises Inc. has acquired Embark Health Inc., a solventless cannabis extraction and enhanced delivery technology provider, by way of a three‑cornered amalgamation. The deal brings Embark’s Delta (BC) GMP facility, four adult‑use brands, proprietary nanotechnology and approximately $17M in tangible and intangible assets onto BevCanna’s balance sheet; consideration included BevCanna shares and contingent earn‑outs.

Buyers
BevCanna Enterprises Inc.
Targets
Embark Health Inc.
Sellers
Shareholders of Embark Health Inc.
Industry
Food & Beverage
Location
British Columbia, Canada
Transaction Type
Buyout

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