M&A Deal Summary

Abacus Health Products Acquires Harmony Hemp

On February 11, 2020, Abacus Health Products acquired medical products company Harmony Hemp for 6M USD

Acquisition Highlights
  • This is Abacus Health Products’ 1st transaction in the Medical Products sector.
  • This is Abacus Health Products’ largest (disclosed) transaction.
  • This is Abacus Health Products’ 1st transaction in the United States.
  • This is Abacus Health Products’ 1st transaction in Utah.

M&A Deal Summary
Date 2020-02-11
Target Harmony Hemp
Sector Medical Products
Buyer(s) Abacus Health Products
Deal Type Add-on Acquisition
Deal Value 6M USD

Target

Harmony Hemp

Salt Lake City, Utah, United States
Harmony Hemp is a provider of CBD-infused personal care products with national distribution to more than 4,000 locations in major grocery and drugstores. Harmony Hemp was founded in 2017 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Abacus Health Products

Toronto, Ontario, Canada
Category Company
Sector Medical Products
DESCRIPTION

Abacus Health Products, Inc. is a developer and commercialization of over-the-counter (OTC) topical medications with active pharmaceutical ingredients. Abacus’ products contain organic and natural ingredients, including hemp extract or oil containing CBD from Cannabis Sativa L. Abacus Health Products is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
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