Kensana Health Acquires ABcann Medicinals Napanee Facility From MediPharm Labs for $5.5M

December 17, 2024

MediPharm Labs entered into a share purchase agreement to sell its Napanee, Ontario facility to Kensana Health for $5.5 million in cash. The deal will transfer all shares of MediPharm’s wholly owned subsidiary ABcann Medicinals Inc., including the Napanee Facility’s license and related building, land, and equipment.

Buyers
Kensana Health Inc.
Targets
ABcann Medicinals Inc., MediPharm Labs Napanee Facility
Sellers
MediPharm Labs Corp.
Location
Ontario, Canada
Transaction Type
Divestiture

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