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 LLP (Legal)


Jetty Extracts

Oakland, California, United States
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


Canopy Growth

Smiths Falls, Ontario, Canada


Category Company
SectorMedical Products
Revenue 399M USD (2020)

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.

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
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