M&A Deal Summary

BevCanna Enterprises Acquires Embark Health

On September 19, 2021, BevCanna Enterprises acquired consumer products company Embark Health for 21M USD

Acquisition Highlights
  • This is BevCanna Enterprises’ 1st transaction in the Consumer Products sector.
  • This is BevCanna Enterprises’ largest (disclosed) transaction.
  • This is BevCanna Enterprises’ 3rd transaction in Canada.
  • This is BevCanna Enterprises’ 1st transaction in Ontario.

M&A Deal Summary

Date 2021-09-19
Target Embark Health
Sector Consumer Products
Buyer(s) BevCanna Enterprises
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

Embark Health

Toronto, Ontario, Canada
Embark Health is a manufacturer and intellectual property (“IP”) assets related to high-end solventless cannabis extracts, such as bubble hash, traditional pressed hash, rosin, dry sift and its innovative and best-selling Hazel Hash Stick. Embark Health was founded in 2018 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

BevCanna Enterprises

Vancouver, British Columbia, Canada

Category Company
Sector Beverages
DESCRIPTION

BevCanna Enterprises, Inc. develops and manufactures cannabinoid–infused beverages and consumer products for in–house brands and white label clients. BevCanna Enterprises is based in Vancouver, Canada.


DEAL STATS #
Overall 3 of 3
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Ontario) 1 of 1
Country (Canada) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Trace Beverages

Vancouver, British Columbia, Canada

Trace Beverages develops and manufactures beverages and consumer products for in–house brands and white label clients. With decades of experience creating, branding, and distributing iconic brands that have resonated with consumers on a global scale. Trace Beverages owns and operates nationally distributed house brands across Canada which are currently sold in more than 3000 Canadian retailers, including 7/11, Loblaws, London Drugs, Metro, and Farm Boy, as well as online direct-to-consumers, via Amazon; and is expanding into the U.S. market in 2021. Based in British Columbia, Canada, Trace Beverages owns a pristine alkaline spring water aquifer, a world-class 40,000–square–foot, HACCP certified manufacturing facility, with a current bottling capacity of up to 210M bottles per annum.

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