M&A Deal Summary

Canopy Growth Acquires Jetty Extracts

On May 18, 2022, Canopy Growth acquired agriculture company Jetty Extracts for 69M USD

Acquisition Highlights
  • This is Canopy Growth’s 3rd transaction in the Agriculture sector.
  • This is Canopy Growth’s 5th largest (disclosed) transaction.
  • This is Canopy Growth’s 5th transaction in the United States.
  • This is Canopy Growth’s 1st transaction in California.

M&A Deal Summary
Date 2022-05-18
Target Jetty Extracts
Sector Agriculture
Buyer(s) Canopy Growth
Deal Type Add-on Acquisition
Deal Value 69M USD
Advisor(s) Raines Feldman (Legal)

Target

Jetty Extracts

Oakland, California, United States
website
Jetty Extracts is cannabis company focused on craft and innovation while applying a strict adherence to compliance, fiscal responsibility, environmental concerns, and community commitment (with a little time for some surfing in between). The company continues to focus on its state-of-the-art production facility, utilizing the latest technology to create industry-leading extracts including award-winning Solventless Vape, Live Resin Vape, and other products. Jetty also founded and operates The Shelter Project, a need-based program that has provided over $1 million worth of free cannabis products to cancer patients. Jetty Extracts is based in 2013 and is based in Oakland, California.

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Buyer(S) 1

Buyer

Canopy Growth

Smiths Falls, Ontario, Canada

website

Category Company
Founded 2009
Sector Medical Products
Employees3,151
Revenue 520M CAD (2022)
DESCRIPTION

Canopy Growth is a diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly-owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis. Canopy Growth was founded in 2009 and is based in Smiths Falls, Canada.

DEAL STATS #
Overall 14 of 14
Sector (Agriculture) 3 of 3
Type (Add-on Acquisition) 12 of 12
State (California) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 C3 Cannabinoid Compound

Neumarkt, Germany

C3 Cannabinoid Compound develops and manufactures pharmaceutical products and is comprised of Spectrum Therapeutics GmbH, based in Neumarkt-in-der-Oberpfalz, Germany, THC Pharm GmbH The Health Concept, based in Frankfurt, Germany, and Spectrum Therapeutics Austria GmbH, based in Vienna, Austria.

Sell €123M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-18 This Works

London, United Kingdom

This Works is a provider of natural beauty products focused on developing, marketing, distributing, and selling aromatherapeutic beauty products across the body care, skin care, and sleep categories to a diverse set of health and wellness, specialty beauty, and third-party e-commerce retailers. This Works was founded in 2003 and is based in London, United Kingdom.

Sell £9M
Mergr

Product

Company

Legal