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

Why Agentic AI Matters for In-Store Shopping

At Retail Media Summit Canada, Amar Singh, senior director of retail insights at Kantar, explained how agentic AI is poised to handle research on a shopper’s behalf right through to purchase.

Kantar

Kroger, Pinterest Bring Inspiration to Mealtime

Social ads help brands solve marketing challenges.

P2PI's 2026 Shopper Pulse Study: Wave 1

P2PI's Q1 survey highlights a consumer base shaped by heightened sensitivity to economic friction and a demand for utility-focused shopping tools. Members can download the full report now.

2026 p2pi shopper pulse survey

Survey Shows Brands Should Approach America 250 With Relevance, Not Rhetoric

New research suggests that although brands should treat the milestone as a meaningful commerce opportunity, they shouldn't assume universal enthusiasm.

america 250

2026 Retailer Media Network Ratings: Brand, Agency Execs Grade Walmart, Amazon, Kroger & Others

Find out how 21 RMNs fared in this year’s report. Plus, see how CPG organizations are shifting budgets, structuring teams and preparing for what’s next in retail media.

RM Tactics Research Hero Image

X

This ad will auto-close in 10 seconds