M&A Deal Summary

Canopy Growth Acquires Supreme Cannabis

On April 8, 2021, Canopy Growth acquired consumer products company Supreme Cannabis for 435M USD

Acquisition Highlights
  • This is Canopy Growth’s 4th transaction in the Consumer Products sector.
  • This is Canopy Growth’s 2nd largest (disclosed) transaction.
  • This is Canopy Growth’s 4th transaction in Canada.
  • This is Canopy Growth’s 3rd transaction in Ontario.

M&A Deal Summary
Date 2021-04-08
Target Supreme Cannabis
Sector Consumer Products
Buyer(s) Canopy Growth
Deal Type Add-on Acquisition
Deal Value 435M USD

Target

Supreme Cannabis

Toronto, Ontario, Canada
website
Supreme Cannabis is a globally diversified portfolio of distinct cannabis companies, products, and brands. Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary, and multi-award-winning brand; Cambium Plant Sciences, plant genetics, and cultivation IP company; Medigrow Lesotho, a cannabis oil producer located in southern Africa; and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. Supreme Cannabis Company was founded in 1979 and is based in Toronto, Canada.

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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 12 of 14
Sector (Consumer Products) 4 of 5
Type (Add-on Acquisition) 10 of 12
State (Ontario) 3 of 3
Country (Canada) 4 of 4
Year (2021) 2 of 3
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Ace Valley

Toronto, Ontario, Canada

Ace Valley is a cannabis brand focused on ready-to-enjoy products. The Company offers a range of well-designed pre-rolls, vapes, and gummies. Ace Valley was founded in 2018 and is based in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Wana Brands

Boulder, Colorado, United States

Wana Brands manufactures and sells gummies in the U.S. state of Colorado and licenses its intellectual property to partners, who manufacture, distribute, and sell Wana-branded gummies across the U.S., including California, Arizona, Illinois, Michigan, and Florida giving Wana a total footprint of 12 U.S. states currently, and across Canada. Wana products offer diverse product forms, a wide range of CBD/THC ratios, as well as a variety of different dosages, onset times, and duration of effects. Wana Brands was formed in 2010 and is based in Boulder, Colorado.

Buy -
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