M&A Deal Summary

Delic Acquires Complex Biotech Discovery Ventures

On May 27, 2021, Delic acquired life science company Complex Biotech Discovery Ventures for 7M USD

Acquisition Highlights
  • This is Delic’s 1st transaction in the Life Science sector.
  • This is Delic’s largest (disclosed) transaction.
  • This is Delic’s 1st transaction in Canada.
  • This is Delic’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2021-05-27
Target Complex Biotech Discovery Ventures
Sector Life Science
Buyer(s) Delic
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Complex Biotech Discovery Ventures

Vancouver, British Columbia, Canada
website
Complex Biotech Discovery Ventures is a federally authorized psilocybin and cannabis research laboratory focused on extraction, analytical testing, and chemical process development. CBDV supports the psychedelic industry with high precision chemical analytics and metabolomic identification. It is one of a handful of licensed research psilocybin labs in Canada and has an aggressive plan to build out a suite of novel compounds and delivery methods for the industry. The company is also a leading cannabis analytical and research company boasting clients that include some of the largest brands in the world. CBDV has applied for its dealer's license and intends to eventually commercialize its psilocybin research and associated intellectual property (IP). Complex Biotech Discovery Ventures was formed in 2018 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Delic

Vancouver, California, United States

website

Category Company
Founded 2019
Sector Consumer Products
DESCRIPTION

Delic was formed in 2019 to address the growing interest in psychedelic wellness backed by science. Delic is the ?first psychedelic umbrella platform and is currently a trusted source for those interested in ?psychedelic culture, psychedelic clinics, and more. ?

DEAL STATS #
Overall 2 of 3
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2021) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 Ketamine Infusion Centers

Phoenix, Arizona, United States

Ketamine Infusion Centers is a limited liability corporation formed under the laws of Arizona, which owns and operates two ketamine infusion treatment clinics, one in Phoenix, Arizona, and the other in Bakersfield, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Ketamine Wellness Centers

Mesa, Arizona, United States

Ketamine Wellness Centers is a limited liability corporation formed under the laws of Arizona, which operates 10 ketamine infusion treatment clinics, across Arizona, Colorado, Florida, Illinois, Minnesota, Nevada, Texas, and Washington. Ketamine Wellness Centers was formed in 2015 and is headquartered in Mesa, Arizona.

Buy -
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