M&A Deal Summary

Cann Group Acquires Satipharm

On February 16, 2021, Cann Group acquired agriculture company Satipharm from Harvest One for 4M USD

Acquisition Highlights
  • This is Cann Group’s 1st transaction in the Agriculture sector.
  • This is Cann Group’s largest (disclosed) transaction.
  • This is Cann Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-02-16
Target Satipharm
Sector Agriculture
Buyer(s) Cann Group
Sellers(s) Harvest One
Deal Type Divestiture
Deal Value 4M USD

Target

Satipharm

London, United Kingdom
website
Satipharm is a health & wellbeing company that is specialized in the development and manufacture of cannabinoid-based products from the cannabis plant.

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Buyer(S) 1

Buyer

Cann Group

Port Melbourne, Australia

website


Category Company
Founded 2014
Sector Agriculture
Revenue 6M AUD (2022)
DESCRIPTION

Cann Group is building a business focused on breeding, cultivating, manufacturing, and supplying medicinal cannabis for sale and use within Australia and for approved overseas export markets. The company has established research and cultivation facilities in Melbourne and is developing a state-of-the-art cultivation facility near Mildura, Victoria. Cann Group has executed collaboration agreements that have enabled it to establish a leading position in plant genetics, breeding, extraction, analysis, and production techniques required to facilitate the supply of medicinal cannabis for a range of diseases and medical conditions. The Company is commercializing a range of imported and locally sourced and manufactured medicinal cannabis products. Cann Group was founded in 2014 and is based in Bundoora, Australia.


DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Harvest One

Vancouver, British Columbia, Canada

website


Category Company
Sector Consumer Products
Revenue 8M USD (2022)
DESCRIPTION

Harvest One is a global cannabis company that develops and provides innovative lifestyle and wellness products to consumers and patients in regulated markets around the world. The Company's range of lifestyle solutions is designed to enhance the quality of life. Shareholders have significant exposure to the entire cannabis value chain through three wholly-owned subsidiaries: United Greeneries, a Licensed Producer; Satipharm (medical and nutraceutical); and Dream Water (consumer).


DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Greenbelt Greenhouse

Vancouver, British Columbia, Canada

Greenbelt Greenhouse Ltd. is a supplier of high quality greenhouse grew cannabis. Greenbelt Greenhouse Ltd. started with a personal interest in the magic of healthy flavourful foods, a desire to work in a warm and sunny greenhouse, a compulsion to promote ecological growing practices, and an aspiration to more efficiently grow better food.

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