M&A Deal Summary

Culta Acquires Kannavis

On June 12, 2023, Culta acquired consumer products company Kannavis

Acquisition Highlights
  • This is Culta’s 2nd transaction in the Consumer Products sector.
  • This is Culta’s 2nd transaction in the United States.
  • This is Culta’s 2nd transaction in Maryland.

M&A Deal Summary
Date 2023-06-12
Target Kannavis
Sector Consumer Products
Buyer(s) Culta
Deal Type Add-on Acquisition

Target

Kannavis

Frederick, Maryland, United States
Kannavis provides quality cannabis medicine at fair prices, based in Frederick, Maryland.

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Buyer(S) 1

Buyer

Culta

Bethesda, Maryland, United States
Category Company
Founded 2015
Sector Consumer Products
DESCRIPTION

Culta is a craft quality producer of cannabis flower and cannabis extracts. Culta was founded in 2015 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Maryland) 2 of 2
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-12 Greenhouse Wellness

Ellicott City, Maryland, United States

Greenhouse Wellness is a medical marijuana dispensary, based in Ellicott City, Maryland.

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