M&A Deal Summary

Harvest One Acquires Delivra

On March 4, 2019, Harvest One acquired life science company Delivra for 19M USD

Acquisition Highlights
  • This is Harvest One’s 1st transaction in the Life Science sector.
  • This is Harvest One’s largest (disclosed) transaction.
  • This is Harvest One’s 1st transaction in Canada.
  • This is Harvest One’s 1st transaction in Ontario.

M&A Deal Summary
Date 2019-03-04
Target Delivra
Sector Life Science
Buyer(s) Harvest One
Deal Type Add-on Acquisition
Deal Value 19M USD
Advisor(s) Canaccord Genuity Corp. (Financial)
Goodmans LLP (Legal)

Target

Delivra

Hamilton, Ontario, Canada
website
Delivra Corp. is a specialty biotechnology company having a proprietary transdermal delivery system platform that can shuttle pharmaceutical and natural molecules through the skin, in a targeted manner. Delivra manufactures and sells a growing line of natural topical creams with the proprietary transdermal delivery system platform under the LivReliefTM brand, for conditions such as joint and muscle pain, nerve pain, varicose veins, wound healing, and sports performance. LivRelief products are available in over 6,000 retail locations, including pharmacies, grocery chains, and independent health food stores across Canada.

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Buyer(S) 1

Buyer

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 2
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2019) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING 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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