Vertical Wellness Merges with CanaFarma Hemp Products Corp.

Vertical Wellness Acquires The Organic Candy Factory

November 18, 2020

Food & Beverage

Vertical Wellness (VWEL) acquired The Organic Candy Factory in a stock transaction to expand its branded health-and-wellness portfolio into the fast-growing better-for-you candy segment. The acquisition gives Vertical Wellness an established organic, vegan gummy brand and a direct-to-consumer and retail footprint that the company plans to scale and integrate with its distribution and hemp/CBD capabilities.

Bayou City Hemp Company Acquires LeafLife Wellness

June 18, 2020

Consumer Products

Bayou City Hemp Company, Inc., a Houston-based hemp processing and extraction company, has completed the acquisition of Leaf Life, Inc. (LeafLife Wellness), a Dallas-based CBD retail company that formulates, manufactures and distributes CBD-infused skincare, cosmetics and wellness products. The acquisition vertically integrates Bayou City Hemp’s supply chain—LeafLife will use Bayou City Hemp distillate and isolate—and expands the acquirer’s retail, white-label and online distribution capabilities; the deal is expected to be accretive to earnings.

PharmaCann Acquires LivWell Enlightened Health

February 28, 2022

Retail

PharmaCann Inc. has completed its previously announced acquisition of LivWell Holdings, Inc., combining the two vertically integrated cannabis operators into a platform with over 50 dispensaries and 10 cultivation/production facilities across eight U.S. states. The transaction expands PharmaCann's presence into Colorado and Michigan; LivWell founder and CEO John Lord will join the PharmaCann board.

HempFusion Acquires Apothecanna

May 17, 2021

Consumer Products

HempFusion Wellness Inc. has acquired 100% of APCNA Holdings LLC (Apothecanna) for initial consideration of US$15.0 million, with up to US$10.0 million in additional milestone payments tied to revenue targets. The deal expands HempFusion's retail distribution (adding ~1,800 stores including CVS), bolsters its e-commerce presence, and is immediately accretive based on Apothecanna's ~US$3.8–4.0 million 2020 revenue.

HempFusion Wellness Acquires Sagely Naturals

July 7, 2021

Consumer Products

HempFusion Wellness Inc. has completed its acquisition of Sagely Enterprises, Inc. (Sagely Naturals), bringing the premium CBD brand and its distribution in more than 14,000 retail locations into HempFusion's portfolio. The all‑stock-and-cash transaction values the initial consideration at US$25.0 million with up to a US$5.0 million revenue-based earnout, and is expected to materially expand HempFusion's revenue and retail footprint.

Cannabinoid Biosciences Acquires CannabidiolHemp

November 25, 2019

Consumer Products

Cannabinoid Biosciences, Inc., a California-based biopharmaceutical subsidiary of Kid Castle, has acquired CannabidiolHemp (CannabidiolHemp.net), a CBD quality aggregator and validator. The purchase is the first of multiple planned acquisitions intended to build a vertically integrated CBD distribution and supply-chain business across the United States and Canada.