Skip to main content

Canadian court clears Abacus acquisition by Charlotte’s Web

6/10/2020

The acquisition of Abacus Health Products by Charlotte’s Web has cleared its biggest hurdle. The companies have received a final order from Ontario’s Superior Court of Justice approving the proposed acquisition.

With the approval, the companies expect the deal — for which Charlotte’s Web is paying a total equity consideration of $99 million in stock to Abacus shareholders — to close on or about June 11.

Once the acquisition closes, Charlotte’s Web — one of the CBD space’s pioneering companies — will have a nearly 35% share of food, drug and mass CBD sales.

Most Popular Content

Harris Teeter Shoppers Embark on 'Aisle Adventures'

The new experience includes ongoing product discovery content, influencer-led storytelling and broad assortment spotlights.

harris teeter

Inside Kellanova's Omnichannel Program With U.S. Soccer

The full-funnel effort includes retail media and in-store activations at Walmart, Costco and multiple grocers.

Kellanova and U.S. Soccer 2026 program at retail

Sam's Club Taps Membership, Jason Sudeikis for Major Transformation

The retailer triples its Member's Mark Community and launches a "Come Join Us" campaign while unveiling a fresh look to accompany store remodels and new builds.

sam's club 2026 exterior

Why Retail Media Has Outgrown the CPG Org Chart

The next phase of success will belong to companies integrating multiple aspects of their business into a single strategy, writes Blue Chip's Sarah VanHeirseele.

Sarah VanHeirseele of agency Blue Chip

How Chewy Is Helping Brands Reach Pet Parents Earlier

For pet brands, it's important to educate shoppers who may not be actively browsing but may still be open to guidance when the right need emerges, according to the head of Chewy Ads.

Chewy

X

This ad will auto-close in 10 seconds