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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