M&A Deal Summary

Canopy Growth Acquires KeyLeaf Life Sciences

On June 26, 2019, Canopy Growth acquired business services company KeyLeaf Life Sciences

Acquisition Highlights
  • This is Canopy Growth’s 1st transaction in the Business Services sector.
  • This is Canopy Growth’s 2nd transaction in Canada.
  • This is Canopy Growth’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2019-06-26
Target KeyLeaf Life Sciences
Sector Business Services
Buyer(s) Canopy Growth
Deal Type Add-on Acquisition

Target

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.

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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 10 of 14
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 8 of 12
State (Saskatchewan) 1 of 1
Country (Canada) 2 of 4
Year (2019) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-22 This Works

London, United Kingdom

This Works is a provider of natural beauty products focused on developing, marketing, distributing, and selling aromatherapeutic beauty products across the body care, skin care, and sleep categories to a diverse set of health and wellness, specialty beauty, and third-party e-commerce retailers. This Works was founded in 2003 and is based in London, United Kingdom.

Buy £43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 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.

Buy -
Mergr

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