M&A Deal Summary

Canopy Growth Acquires Hiku Brands

On July 10, 2018, Canopy Growth acquired medical products company Hiku Brands

Acquisition Highlights
  • This is Canopy Growth’s 1st transaction in the Medical Products sector.
  • This is Canopy Growth’s 1st transaction in Canada.
  • This is Canopy Growth’s 1st transaction in Ontario.

M&A Deal Summary
Date 2018-07-10
Target Hiku Brands
Sector Medical Products
Buyer(s) Canopy Growth
Deal Type Add-on Acquisition
Advisor(s) BMO Capital Markets (Financial)
Wildeboer Dellelce (Legal)

Target

Hiku Brands

Toronto, Ontario, Canada
Hiku Brands Co. Ltd. is focused on building a portfolio of engaging cannabis brands, unsurpassed retail experiences and handcrafted cannabis production. With a national retail footprint led by Tokyo Smoke, craft cannabis production through DOJA's ACMPR licensed grow, Van der Pop's female-focused educational platforms, and Maïtri, our Quebec based cannabis brand featuring high quality handmade accessories, Hiku houses an industryleading portfolio that aims to set the bar for cannabis brands in Canada.

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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 2 of 14
Sector (Medical Products) 1 of 3
Type (Add-on Acquisition) 1 of 12
State (Ontario) 1 of 3
Country (Canada) 1 of 4
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Beckley Canopy Therapeutics

Oxford, United Kingdom

Beckley Canopy Therapeutics Ltd. is a biopharmaceutical company designed to research and develop innovative cannabis-based health products, with a strict focus on intellectual property protection. Beckley Canopy Therapeutics Ltd. was founded in 2018 and is based in Oxford, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 ebbu

Evergreen, Colorado, United States

ebbu, Inc. is a designer cannabis-based medicine and mainstreaming adult-use cannabis, powering infused products and disrupting technology through a patented, lab-tested and science-based platform. ebbu was founded in 2013 and is based in Evergreen, Colorado.

Buy CA$25M
Mergr

Product

Company

Legal