M&A Deal Summary

CV Sciences Acquires Elevated Softgels

On May 13, 2024, CV Sciences acquired manufacturer Elevated Softgels

Acquisition Highlights
  • This is CV Sciences’ 1st transaction in the Manufacturing sector.
  • This is CV Sciences’ 2nd transaction in the United States.
  • This is CV Sciences’ 1st transaction in Colorado.

M&A Deal Summary
Date 2024-05-13
Target Elevated Softgels
Sector Manufacturing
Buyer(s) CV Sciences
Deal Type Add-on Acquisition

Target

Elevated Softgels

Grand Junction, Colorado, United States
Elevated Softgels is a manufacturer of encapsulated soft gels and tinctures for the supplement and nutrition industry. The company's operational flexibility allows low to large minimum order quantity ("MOQ") production runs, allowing for efficient use of capital and increasing speed to market for new product development. Elevated Softgels is based in Grand Junction, Colorado.

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Buyer(S) 1

Buyer

CV Sciences

San Diego, California, United States
Category Company
Founded 2010
Sector Life Science
Employees42
Revenue 16M USD (2022)
DESCRIPTION

CV Sciences is a drug development company focused on products containing the hemp plant extract cannabidiol (CBD) as the active pharmaceutical ingredient. CV Sciences was founded in 2010 and is headquartered in San Diego, California.

DEAL STATS #
Overall 3 of 4
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (Colorado) 1 of 2
Country (United States) 2 of 3
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-12 Cultured Foods

Puławy, Poland

Cultured Foods is a manufacturer and distributor of alternative plant-based vegan foods, based in Puławy, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Extract Labs

Lafayette, Colorado, United States

Extract Labs is a manufacturer and distributor of premium cannabinoid products including gummies, topicals and tinctures. Extract Labs branded products are sold through a range of sales channels from B2B to B2C. Extract Labs was founded in 2016 and is based in Lafayette, Colorado.

Buy -
Mergr

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