M&A Deal Summary

Flowr Acquires Terrace Global

On October 20, 2020, Flowr acquired business services company Terrace Global for 63M USD

Acquisition Highlights
  • This is Flowr’s 1st transaction in the Business Services sector.
  • This is Flowr’s largest (disclosed) transaction.
  • This is Flowr’s 1st transaction in Canada.
  • This is Flowr’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-10-20
Target Terrace Global
Sector Business Services
Buyer(s) Flowr
Deal Type Add-on Acquisition
Deal Value 63M USD
Advisor(s) Wildeboer Dellelce
Norton Rose Fulbright (Legal)

Target

Terrace Global

Toronto, Ontario, Canada
website
Terrace Global is a sanadian company focused on the development and acquisition of international cannabis assets. Terrace Global was founded in 2018 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Flowr

Toronto, Ontario, Canada

website

Category Company
Sector Consumer Products
Revenue 8M CAD (2020)
DESCRIPTION

Flowr is a cannabis company with operations in Canada, Europe, and Australia. Its Canadian operating campus, located in Kelowna, BC, includes a purpose-built, GMP-designed indoor cultivation facility; an outdoor and greenhouse cultivation site; and a state-of-the-art R&D facility. The Flowr is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 Holigen

Rio de Mouro, Portugal

Holigen is a Portugal-based cultivator, manufacturer, and distributor that harvested approximately 300 kilograms of medical cannabis. Holigen is based in Portugal.

Sell $3M
Mergr

Product

Company

Legal