M&A Deal Summary

PAO Group Acquires Puration - Cannabis Cultivation Operation

On July 28, 2020, PAO Group acquired consumer products company Puration - Cannabis Cultivation Operation from Puration for 1M USD

Acquisition Highlights
  • This is PAO Group’s 1st transaction in the Consumer Products sector.
  • This is PAO Group’s largest (disclosed) transaction.
  • This is PAO Group’s 1st transaction in the United States.
  • This is PAO Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2020-07-28
Target Puration - Cannabis Cultivation Operation
Sector Consumer Products
Buyer(s) PAO Group
Sellers(s) Puration
Deal Type Divestiture
Deal Value 1M USD

Target

Puration - Cannabis Cultivation Operation

Texas, United States
Puration's. - Cannabis Cultivation Operation develops a proprietary cannabis cultivation.

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Buyer(S) 1

Buyer

PAO Group

Sandusky, Ohio, United States

website

Category Company
Sector Consumer Products
DESCRIPTION

PAO Group is an alternative patient care treatment provider that engages in the development, sale, and distribution of premium medical cannabis products for the treatment of chronic and terminal patients. PAO Group is based in Sandusky, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Puration

Farmers Branch, Texas, United States

website

Category Company
Founded 2011
Sector Beverages
DESCRIPTION

Puration, Inc. is a producer of EVERx CBD Infused Sports Drink. Puration was founded in 2011 and is based in Farmers Branch, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-21 Kali-Extracts - CBD Confection Assets

Dallas, Texas, United States

Kali-Extracts, Inc.'s CBD Confection Assets is the U.S. Patented Cannabis Extraction Process and is developing treatments for various medical conditions.

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