CBD Mergers & Acquisitions

Valens is paying $40 million in cash and stock upfront for Green Roads, with an additional $20 million milestone payment available once the business achieves certain financial milestones. 

Kadenwood said acquiring Social CBD will create the largest retail CBD distribution network in the country, including major drug and grocery chains, with products in roughly 18,000 retail stores.

The company’s acquisitions of Apothecanna and Sagely Naturals expands its distribution footprint to more than 15,000 stores, brings in new capabilities and adds established talent to its roster.

The combined company has a market cap of $8.2 billion based on closing stock prices from April 30, and Tilray expects the merger to create $81 million in synergies within 18 months. 

The two companies share a focus on delivering on consumer needs, with genetics playing a crucial role.

Aphria noted that it has received the requisite regulatory approvals to complete the transaction and is urging shareholders to vote in favor of the merger. 

Powerful Brands will encompass Powerful Nutrition’s eponymous sports nutrition and supplement offerings, as well as MMG’s two mass-market CBD brands Karibo Beauty and mintedLeaf. 

The company said the acquisition would accelerate its compliance with good manufacturing practices, grow its capabilities and streamline the manufacturing process to be more sustainable.

Cure Pharmaceuticals will pay $20 million in cash and stock upfront, with an additional $4 million in working capital that will focus on fueling growth.

The combination will add Tech-Holdings’ The Gold Q and AntiDos brands to Vertical Wellness' portfolio and enable it to offer proprietary products to its partners, the companies said.

The acquisition will create a private label division within the company, which makes CBD- and hemp-infused ready-to-drink beverages and personal care products under various brands.

TAAT is acquiring Redwood, which makes a leading brand of hemp cigarette sold at more than 1,600 retail locations nationwide, to bolster its capabilities and distribution contacts ahead of the launch of its Beyond Tobacco hemp cigarettes.