M&A Deal Summary

Charlotte s Web Holdings Acquires Abacus Health Products

On June 11, 2020, Charlotte s Web Holdings acquired medical products company Abacus Health Products

Acquisition Highlights
  • This is Charlotte s Web Holdings’ 1st transaction in the Medical Products sector.
  • This is Charlotte s Web Holdings’ 1st transaction in Canada.
  • This is Charlotte s Web Holdings’ 1st transaction in Ontario.

M&A Deal Summary
Date 2020-06-11
Target Abacus Health Products
Sector Medical Products
Buyer(s) Charlotte s Web Holdings
Deal Type Add-on Acquisition

Target

Abacus Health Products

Toronto, Ontario, Canada
Abacus Health Products, Inc. is a developer and commercialization of over-the-counter (OTC) topical medications with active pharmaceutical ingredients. Abacus’ products contain organic and natural ingredients, including hemp extract or oil containing CBD from Cannabis Sativa L. Abacus Health Products is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Charlotte s Web Holdings

Boulder, Colorado, United States
Category Company
Founded 2018
Sector Consumer Products
Employees302
DESCRIPTION

Charlotte's Web Holdings, Inc. is a producer and distributor of innovative hemp-derived cannabidiol ("CBD") wellness products. Charlotte's Web Holdings was founded in 2018 and is based in Boulder, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
Mergr

Product

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