Palmer Jane Acquires Cannabis Vape Brand LucidMood

Lucy Scientific Discovery Acquires BlueSky Wellness

September 12, 2023

Consumer Products

Lucy Scientific Discovery Inc. (NASDAQ: LSDI) agreed to acquire BlueSky Wellness Inc. in an all-stock transaction that will add a portfolio of plant-based wellness CPG brands (Keoni, Keoni Sport, Blush Wellness, AMMA Healing) and e-commerce capabilities. BlueSky shareholders will receive 3.5 million Lucy shares plus up-to-five-year EBITDA-based earnouts; Lucy expects the combined transactions with its High Times IP acquisition to add at least $30 million in revenue and $10 million of EBITDA in the first 12 months.

Canopy Growth to Acquire Jetty Extracts

May 18, 2022

Consumer Products

Canopy Growth Corporation entered into option agreements to acquire up to 100% of Lemurian, Inc. (Jetty), a California-based cannabis extracts and vape brand, with an aggregate upfront consideration of approximately US$69 million for ~75% of Jetty and additional consideration on exercise of the remaining option. The deal gives Canopy a strategic foothold in the California THC market and access to Jetty's solventless extraction technology and premium consumer brand as part of its U.S. THC ecosystem expansion.

NewLeaf Brands to Acquire Mindleap Health Inc.

May 20, 2020

Healthcare Services

NewLeaf Brands Inc. signed a non-binding letter of intent to acquire 100% of Mindleap Health Inc. via a share exchange, with consideration of CAD $3.5 million in NewLeaf common shares plus additional cash investments. Mindleap is a digital mental-health and telehealth platform focused on mood, emotion and habit tracking and psychedelic aftercare, and the deal is intended to accelerate Mindleap’s time-to-market and expand NewLeaf’s digital health capabilities.

Driven Deliveries to Acquire Cannabis Lifestyle Brand Mozen

May 12, 2020

Consumer Products

Driven Deliveries, Inc. announced an agreement in principle to acquire Mozen Inc., a Los Angeles–based cannabis lifestyle brand, in an all-stock transaction expected to close in Q3 2020. Driven plans to integrate Mozen's disposable vape products into its retail and delivery operations to capture higher margins and expand the brand's distribution inside California and into other legal markets.

Neutra Corp. Acquires VIVIS Corp.

September 10, 2019

Consumer Products

Neutra Corp. (OTCQB: NTRR) has completed the acquisition of VIVIS Corp., an emerging retail brand of hemp-based CBD health and nutritional products co-founded by Neutra CEO Sydney Jim. The deal adds a third‑party‑certified CBD product line and retail brand capability to Neutra as it expands into the U.S. retail CBD market.

TILT Holdings Acquires Jupiter Research

January 3, 2019

Manufacturing

TILT Holdings Inc. agreed to acquire Jupiter Research, a vaporization and inhalation hardware company, in a US$210 million transaction (US$70M cash and shares) under a definitive agreement signed January 2, 2019. The deal is intended to expand TILT’s hardware offerings and technology ecosystem for the cannabis supply chain; Jupiter is a 2015-founded vaporizer hardware maker serving 700+ brands with reported ~US$77M 2018 revenue and US$28M in booked orders going into Q1.