M&A Deal Summary

Aurora Acquires Thrive Cannabis

On March 22, 2022, Aurora acquired consumer products company Thrive Cannabis

Acquisition Highlights
  • This is Aurora’s 3rd transaction in the Consumer Products sector.
  • This is Aurora’s 9th transaction in Canada.
  • This is Aurora’s 5th transaction in Ontario.

M&A Deal Summary
Date 2022-03-22
Target Thrive Cannabis
Sector Consumer Products
Buyer(s) Aurora
Deal Type Add-on Acquisition

Target

Thrive Cannabis

Simcoe, Ontario, Canada
Thrive Cannabis is a vertically integrated cannabis company widely known for its flagship adult-use brand, Greybeard Cannabis Co., which specializes in premium quality, small-batch craft cannabis concentrates and flower products. Thrive is also known for its adult-use wellness-oriented brand, Being. The Thrive team leverages its expertise in cannabis cultivation, extraction, and product development with a singular focus on delivering the highest quality standard products to consumers. Thrive Cannabis was formed in 2018 and is based in Simcoe, Ontario.

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Buyer(S) 1

Buyer

Aurora

Edmonton, Alberta, Canada
Category Company
Founded 2013
Sector Life Science
Employees1,073
Revenue 270M CAD (2023)
DESCRIPTION

Aurora is a Canadian company and licensed producer of artisanal medical marijuana pursuant to the Marihuana for Medical Purposes Regulations. Aurora was founded in 2013 and is based in Edmonton, Alberta.

DEAL STATS #
Overall 12 of 13
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 11 of 12
State (Ontario) 5 of 5
Country (Canada) 9 of 10
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-20 Reliva

Natick, Massachusetts, United States

Reliva LLC is a seller and distributor of hemp-derived CBD products throughout the United States. Reliva is based in Natick, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-25 Bevo Agtech

Langley, British Columbia, Canada

Bevo Agtech is a provider of propagated agricultural plants, operating approximately 63 acres of greenhouse facilities on 98 acres of land in Langley, BC, 50 acres of land in Aldergrove, BC, and 20 acres of land in Pitt Meadows, BC.

Buy -
Mergr

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