Arcadia Biosciences Acquires Lief Brands Portfolio and Select Zola Assets

May 17, 2021

Arcadia Biosciences acquired the assets of Lief Holdings, LLC (including Soul Spring, Saavy Naturals and Provault) from The Parent Company and selected assets of Live Zola, LLC (Zola coconut water) in a transaction valued at roughly $4.0 million in cash plus 827,400 shares. The deal brings approximately $6 million of recurring annual revenue, a GMP‑licensed 20,000 sq. ft. manufacturing facility, and distribution relationships in more than 5,000 stores to Arcadia as it expands into consumer CBD and wellness products.

Buyers
Arcadia Biosciences, Inc.
Targets
Lief Holdings, LLC, Live Zola, LLC
Sellers
The Parent Company, Live Zola, LLC
Location
California, United States
Transaction Type
Divestiture

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.