M&A Deal Summary

Akanda Acquires Holigen

On April 20, 2022, Akanda acquired agriculture company Holigen from Flowr for 3M USD

Acquisition Highlights
  • This is Akanda’s 1st transaction in the Agriculture sector.
  • This is Akanda’s largest (disclosed) transaction.
  • This is Akanda’s 1st transaction in Portugal.

M&A Deal Summary
Date 2022-04-20
Target Holigen
Sector Agriculture
Buyer(s) Akanda
Sellers(s) Flowr
Deal Type Divestiture
Deal Value 3M USD

Target

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.

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Buyer(S) 1

Buyer

Akanda

New Romney, United Kingdom
Category Company
Founded 2021
Sector Life Science
Employees107
Revenue 2M USD (2023)
DESCRIPTION

Akanda is an international medical cannabis and wellness platform company seeking to help people lead better lives through improved access to high-quality and affordable products. Akanda is building a seed-to-patient supply chain, connecting patients in the UK and Europe with diverse products including cannabis products cultivated at its competitively advantaged grow operation in the Kingdom of Lesotho and with other trusted third-party brands. Akanda was founded in 2021 and is based in New Romney, England.

DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 1
Country (Portugal) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Flowr

Toronto, Ontario, Canada
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 2
Sector (Agriculture) 1 of 1
Type (Divestiture) 1 of 2
Country (Portugal) 1 of 1
Year (2022) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Terrace Global

Toronto, Ontario, Canada

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.

Buy $63M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Flowr Group

Toronto, Ontario, Canada

Flowr Group is a producer of cannabis and cannabis products and is involved in the development of cannabis crops. Flowr Group is based in Toronto, Ontario.

Sell -
Mergr

Product

Company

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