M&A Deal Summary

Canopy Growth Acquires Ace Valley

On April 1, 2021, Canopy Growth acquired consumer products company Ace Valley

Acquisition Highlights
  • This is Canopy Growth’s 3rd transaction in the Consumer Products sector.
  • This is Canopy Growth’s 3rd transaction in Canada.
  • This is Canopy Growth’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2021-04-01
Target Ace Valley
Sector Consumer Products
Buyer(s) Canopy Growth
Deal Type Add-on Acquisition

Target

Ace Valley

Toronto, Ontario, Canada
Ace Valley is a cannabis brand focused on ready-to-enjoy products. The Company offers a range of well-designed pre-rolls, vapes, and gummies. Ace Valley was founded in 2018 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Canopy Growth

Smiths Falls, Ontario, Canada
Category Company
Founded 2009
Sector Medical Products
Employees1,621
Revenue 403M CAD (2023)
DESCRIPTION

Canopy Growth is a diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly-owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis. Canopy Growth was founded in 2009 and is based in Smiths Falls, Canada.

DEAL STATS #
Overall 11 of 14
Sector (Consumer Products) 3 of 5
Type (Add-on Acquisition) 9 of 12
State (Ontario) 2 of 3
Country (Canada) 3 of 4
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-26 KeyLeaf Life Sciences

Saskatoon, Saskatchewan, Canada

KeyLeaf Life Sciences is an ingredient and process technology company. KeyLeaf works in the food, beverage and nutraceutical ingredient industries to innovate new solutions to fulfill modern needs. KeyLeaf Life Sciences was founded in 1973 and is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-08 Supreme Cannabis

Toronto, Ontario, Canada

Supreme Cannabis is a globally diversified portfolio of distinct cannabis companies, products, and brands. Supreme Cannabis’ portfolio includes 7ACRES, its wholly-owned subsidiary, and multi-award-winning brand; Cambium Plant Sciences, plant genetics, and cultivation IP company; Medigrow Lesotho, a cannabis oil producer located in southern Africa; and a brand partnership and licensing deal with Khalifa Kush Enterprises Canada. Supreme Cannabis Company was founded in 1979 and is based in Toronto, Canada.

Buy $435M
Mergr

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