M&A Deal Summary

Avant Brands Acquires Flowr Group

On December 8, 2022, Avant Brands acquired consumer products company Flowr Group from Flowr

Acquisition Highlights
  • This is Avant Brands’ 1st transaction in the Consumer Products sector.
  • This is Avant Brands’ 1st transaction in Canada.
  • This is Avant Brands’ 1st transaction in Ontario.

M&A Deal Summary
Date 2022-12-08
Target Flowr Group
Sector Consumer Products
Buyer(s) Avant Brands
Sellers(s) Flowr
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Avant Brands

Kelowna, British Columbia, Canada
Category Company
Sector Consumer Products
Employees180
Revenue 26M CAD (2023)
DESCRIPTION

Avant is a premium cannabis company that has multiple operational production facilities across Canada, which produce high-quality, handcrafted cannabis products, based on unique and exceptional cultivars. The company's products are distributed via three complementary sales channels: recreational, medical, and export. Its recreational consumer brands include: BLK MKT, Tenzo, Cogn?scente, and Treehugger, which are sold in British Columbia, Saskatchewan, Manitoba, Ontario, Atlantic Canada, and the territories. Its medical cannabis brand, GreenTec, is distributed nationwide, directly to qualified patients through its GreenTec Medical portal and through various medical cannabis partners. Avant was formed in 2017 and is headquartered in Kelowna, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 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 2 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 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.

Sell $3M
Mergr

Product

Company

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