M&A Deal Summary

BevCanna Enterprises Acquires Trace Beverages

On November 24, 2020, BevCanna Enterprises acquired beverage company Trace Beverages

Acquisition Highlights
  • This is BevCanna Enterprises’ 1st transaction in the Beverages sector.
  • This is BevCanna Enterprises’ 2nd transaction in Canada.
  • This is BevCanna Enterprises’ 2nd transaction in British Columbia.

M&A Deal Summary
Date 2020-11-24
Target Trace Beverages
Sector Beverages
Buyer(s) BevCanna Enterprises
Deal Type Add-on Acquisition

Target

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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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 2 of 3
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (British Columbia) 2 of 2
Country (Canada) 2 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-04 Naturally Pure Therapy Products

British Columbia, Canada

Naturally Pure Therapy Products Corp. is a direct-to-consumer e-commerce company selling a range of natural health products, including nutraceutical and hemp-based cannabidiol products throughout North America and Western Europe.

Buy CA$6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-19 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.

Buy $21M
Mergr

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Company

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