Yooma Wellness Inc. Acquires Socati Corp.

March 19, 2021

Yooma Wellness Inc. agreed to acquire U.S.-based Socati Corp. in a merger valued at US$25.0 million, implemented by issuing common shares of Yooma as consideration. The deal gives Yooma access to Socati's cannabinoid ingredient manufacturing capabilities (including a 22,000 sq. ft. Montana facility) and expands Yooma's geographic footprint and vertical integration into the United States.

Buyers
Yooma Wellness Inc.
Targets
Socati Corp.
Industry
Manufacturing
Location
Texas, United States
Transaction Type
Buyout

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