Sproutly Acquires Assets of CannaHive Inc.
August 16, 2021
Sproutly Canada, Inc. has acquired the primary assets of CannaHive Inc., giving Sproutly pharmaceutical-grade, fully automated equipment to produce cannabis edibles (gummies and chocolates) at scale. The asset acquisition gives Sproutly in-house manufacturing capability and improved economics to support a national launch of its whole-plant confectionary products in Canada.
- Buyers
- Sproutly Canada, Inc.
- Targets
- CannaHive Inc.
- Sellers
- CannaHive Inc.
- Industry
- Food & Beverage
- Location
- Canada
- Transaction Type
- Divestiture
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