M&A Deal Summary

BetterLife Pharma Acquires ACI Foods

On October 19, 2017, BetterLife Pharma acquired consumer products company ACI Foods

Acquisition Highlights
  • This is BetterLife Pharma’s 1st transaction in the Consumer Products sector.
  • This is BetterLife Pharma’s 1st transaction in Canada.
  • This is BetterLife Pharma’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2017-10-19
Target ACI Foods
Sector Consumer Products
Buyer(s) BetterLife Pharma
Deal Type Add-on Acquisition

Target

ACI Foods

Abbotsford, British Columbia, Canada
ACI Foods processes, packages and distributes gluten-free, organic hemp-based products including hulled seeds, cold-pressed hemp seed oil, and high-percentage protein powder. ACI is certified organic internationally through the Organic Crop Improvement Association (OCIA), registered Kosher through the Orthodox Union, and approved by Health Canada and the US Food and Drug Agency. ACI Foods holds hemp processing and cultivation licenses under Health Canada Industrial Hemp Regulations (IHR).

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Buyer(S) 1

Buyer

BetterLife Pharma

Vancouver, British Columbia, Canada
Category Company
Founded 2002
Sector Life Science
Employees7
DESCRIPTION

BetterLife Pharma is an emerging biopharmaceutical company engaged in the development and commercialization of therapeutic pharmaceuticals and nutraceuticals using innovative drug delivery platform technologies. Pivot's wholly-owned medical cannabis products division, Pivot Green Stream Health Solutions Inc. ("PGS" or "Pivot Green Stream"), conducts research, development and commercialization of cannabinoid-based nutraceuticals and pharmaceuticals. BetterLife Pharma was founded in 2002 and is based in Vancouver, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Thrudermic

North Carolina, United States

Thrudermic LLC is a biopharmaceutical company provides dosable bio-cannabis products. Thrudermic is based in North Carolian.

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