M&A Deal Summary

Aurora Acquires Bevo Agtech

On August 25, 2022, Aurora acquired agriculture company Bevo Agtech

Acquisition Highlights
  • This is Aurora’s 2nd transaction in the Agriculture sector.
  • This is Aurora’s 10th transaction in Canada.
  • This is Aurora’s 3rd transaction in British Columbia.

M&A Deal Summary
Date 2022-08-25
Target Bevo Agtech
Sector Agriculture
Buyer(s) Aurora
Deal Type Add-on Acquisition
Advisor(s) Fasken Martineau DuMoulin (Legal)

Target

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.

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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 13 of 13
Sector (Agriculture) 2 of 2
Type (Add-on Acquisition) 12 of 12
State (British Columbia) 3 of 3
Country (Canada) 10 of 10
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-22 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Aurora Cannabis - Sun Facility

Edmonton, Alberta, Canada

Aurora Cannabis - Sun Facility consists of Medicine Hat, Alberta facility provides cannabis products.

Sell -
Mergr

Product

Company

Legal