Canopy Growth Mergers and Acquisitions Summary

Medical ProductsCompany

Canopy Growth has acquired 14 companies, including 14 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Canopy Growth’s largest acquisition to date was in 2019, when it acquired Acreage Holdings for $3.4B. It’s largest disclosed sale occurred in 2021, when it sold C³ Cannabinoid Compound Company to Dermapharm Holding SE for $138M. Canopy Growth has acquired in 4 different US states, and 5 countries. The Company’s most targeted sectors include consumer products (36%) and agriculture (22%).

Join Mergr and gain access to Canopy Growth’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the medical products sector.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity14
    • M&A Sell Activity1
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 4
  • M&A Advisors 5

Canopy Growth

Canopy Growth Corp.

1 Hershey Dr.,
Smiths Falls, Ontario K7A 0A8
Canada,
(855) 558 933
www.canopygrowth.com

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.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (2.8/yr) # - 4 6 - 3 1 14
vol $182M $3.7B $435M $69M $4.4B
Sell (0.2/yr) # - - - - 1 - 1
vol $138M $138M
  15

Most Recent M&A

Company Date Value Type
Lemurian, Inc. 2022-05-18 69M USD Add-on Acquisition
Oakland, California · www.jettyextracts.com
C³ Cannabinoid Compound Company GmbH 2021-12-15 138M EUR Divestiture
Neumarkt, Germany · www.c3-company.de
Mountain High Products LLC 2021-10-14 - Add-on Acquisition
Boulder, Colorado · www.wanabrands.com
The Supreme Cannabis Co. Inc. 2021-04-08 435M USD Add-on Acquisition
Toronto, Ontario · www.supreme.ca
AV Cannabis, Inc. 2021-04-01 - Add-on Acquisition
Toronto, Ontario · www.acevalley.com
KeyLeaf Life Sciences 2019-06-26 - Add-on Acquisition
Saskatoon, Saskatchewan · www.keyleaf.ca
This Works Products Ltd. 2019-05-22 66M GBP Add-on Acquisition
London, United Kingdom · www.thisworks.com
C³ Cannabinoid Compound Company GmbH 2019-05-02 255M EUR Divestiture
Neumarkt, Germany · www.c3-company.de
Acreage Holdings, Inc. 2019-04-18 3.4B USD Add-on Acquisition
New York City, New York · www.acreageholdings.com
Cáñamo y Fibras Naturales, S.L. 2019-04-16 - Add-on Acquisition
Alicante, Spain · www.cafinalevante.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Acreage Holdings, Inc. 2019-04-18 Cannabliss & Co. 2021-09-16 2
New York City, New York · www.acreageholdings.com Portland, Oregon · www.cannablissandco.com
Acreage Holdings, Inc. 2019-04-18 Acreage Florida, Inc. 2021-04-28 1
New York City, New York · www.acreageholdings.com , Florida

M&A by Sector

Sector Buy # Value Sell # Value
Consumer Products 5 (36%) 3.9B (89%) - -
Agriculture 3 (21%) 69M (2%) - -
Medical Products 3 (21%) 182M (4%) - -
Life Science 2 (14%) 255M (6%) 1 (100%) 138M (100%)
Business Services 1 (7%) - - -
Total 14 $4.4B 1 $138M

By Geo

State/Country Buy Value Sell Value
United States 5 3.5B - -
  Colorado 2 19M - -
  New York 1 3.4B - -
  California 1 69M - -
Canada 4 435M - -
  Ontario 3 435M - -
  Saskatchewan 1 - - -
Germany 2 418M 1 138M
United Kingdom 2 66M - -
Spain 1 - - -
Domestic 4 (29%) 435M (10%) - -
Cross-border 10 (71%) 4.0B (90%) 1 (100%) 138M (100%)
Total 14 $4.4B 1 $138M

Top M&A Advisors

Financial Deals
Greenhill & Co., Inc.
3
PwC Corporate Finance LLC
1
Legal Deals
Cassels Brock & Blackwell LLP
5
Paul Hastings LLP
3
Ernst & Young - Law
1

Deal Values

buy # Total
> $1B 1 $3.4B
$100M to $1B 3 $853M
< $100M 3 $154M
TOTAL $4.4B
Largest Acreage Holdings, Inc.
$3.4B (2019-04-18)
sell # Total
$100M to $1B 1 $138M
TOTAL $138M
Largest C³ Cannabinoid Compound Company GmbH
$138M (2021-12-15)

M&A Connections

Deals
Acquired from
Investor(s)
7%
1 (7%)
Strategic(s)
7%
1 (7%)
Divested to
Strategic(s)
100%
1 (100%)

 Subscribe to unlock this and 183,215
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.3K Private Equity Firms
  • 173K M&A Transactions
  • 179K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.5K M&A Advisors
    (Investment Banks and Law Firms)
  • 65K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.