M&A Deal Summary

Sproutly Acquires CannaHive

On August 16, 2021, Sproutly acquired consumer products company CannaHive

Acquisition Highlights
  • This is Sproutly’s 1st transaction in the Consumer Products sector.
  • This is Sproutly’s 1st transaction in Canada.
  • This is Sproutly’s 1st transaction in Quebec.

M&A Deal Summary
Date 2021-08-16
Target CannaHive
Sector Consumer Products
Buyer(s) Sproutly
Deal Type Add-on Acquisition

Target

CannaHive

Montreal, Quebec, Canada
website
CannaHive is a provider of cannabis edibles and cosmetics. CannaHive was founded in 2019 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Sproutly

Vancouver, British Columbia, Canada

website

Category Company
Sector Consumer Products
DESCRIPTION

Sproutly provides an ingredients and customized formulations to the cannabis beverage and edibles market. Sproutly is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
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