M&A Deal Summary

IONIC Brands Acquires Cowlitz County Cannabis Cultivation

On December 1, 2020, IONIC Brands Corp. acquired agriculture company Cowlitz County Cannabis Cultivation, Inc. from Lobe Sciences Ltd. for 23M CAD

Acquisition Highlights
  • This is IONIC Brands’ 1st transaction in the Agriculture sector.
  • This is IONIC Brands’ 1st largest (disclosed) transaction.
  • This is IONIC Brands’ 2nd transaction in the United States.
  • This is IONIC Brands’ 1st transaction in Washington.

M&A Deal Summary

Date 2020-12-01
Target Cowlitz County Cannabis Cultivation, Inc.
Sector Agriculture
Buyer(s) IONIC Brands Corp.
Sellers(s) Lobe Sciences Ltd.
Deal Type Divestiture
Deal Value 23M CAD

Target

Cowlitz County Cannabis Cultivation, Inc.

Longview, Washington, United States
website
Cowlitz County Cannabis Cultivation is a cannabis company built around a family that sources the highest quality cannabis in Washington State. The company utilizes butane extraction methods to provide great, affordable, and beautiful dab products. Cowlitz County Cannabis Cultivation is based in Longview, Washington.

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Buyer(S) 1

Buyer

IONIC Brands Corp.

Tacoma, Washington, United States

website


Category Company
SectorConsumer Products
Revenue 9M USD (2020)
DESCRIPTION

IONIC is a national cannabis holdings company focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. IONIC is based in Tacoma, Washington.


DEAL STATS #
Overall 2 of 4
Sector (Agriculture) 1 of 1
Type (Divestiture) 2 of 2
State (Washington) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-10 Kavry Managment LLC - Licensed Cannabis Volatile Extraction & Manufacturing Assets

Adelanto, California, United States

Kavry Managment LLC - Licensed Cannabis Volatile Extraction & Manufacturing Assets is an inventory and equipment of the current licensed cannabis volatile extraction provider.

Buy $3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-18 Precision Alchemy LLC

Portland, Oregon, United States

Precision Alchemy is a recreational cannabis oil manufacturer with endorsements to manufacture and distribute Medical Grade Cannabis Products, Edibles, Topicals, Concentrates, Extracts, and Industrial Hemp. Precision Alchemywas formed in 2015 and is based in Portland, Oregon.

Buy -

Seller(S) 1

SELLER

Lobe Sciences Ltd.

Vancouver, British Columbia, Canada

website


Category Company
SectorConsumer Products
DESCRIPTION

Lobe Sciences is a growth-oriented technology and services company, provides real estate, financial, management, intellectual property, and branding support to licensed cannabis businesses in the United States. Lobe Sciences is headquartered in Vancouver, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1