M&A Deal Summary

CV Sciences Acquires Extract Labs

On November 21, 2024, CV Sciences acquired consumer products company Extract Labs

Acquisition Highlights
  • This is CV Sciences’ 1st transaction in the Consumer Products sector.
  • This is CV Sciences’ 3rd transaction in the United States.
  • This is CV Sciences’ 2nd transaction in Colorado.

M&A Deal Summary

Date 2024-11-21
Target Extract Labs
Sector Consumer Products
Buyer(s) CV Sciences
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

CV Sciences

San Diego, California, United States

Category Company
Founded 2010
Sector Life Science
Employees47
Revenue 16M USD (2024)
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 4 of 4
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Colorado M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 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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