M&A Deal Summary

Delivra Health Brands Acquires Delivra

On March 4, 2019, Delivra Health Brands acquired life science company Delivra for 19M USD

Acquisition Highlights
  • This is Delivra Health Brands’ 1st transaction in the Life Science sector.
  • This is Delivra Health Brands’ largest (disclosed) transaction.
  • This is Delivra Health Brands’ 1st transaction in Canada.
  • This is Delivra Health Brands’ 1st transaction in Ontario.

M&A Deal Summary
Date 2019-03-04
Target Delivra
Sector Life Science
Buyer(s) Delivra Health Brands
Deal Type Add-on Acquisition
Deal Value 19M USD
Advisor(s) Canaccord Genuity Corp. (Financial)
Goodmans (Legal)

Target

Delivra

Hamilton, Ontario, Canada
Delivra Corp. is a specialty biotechnology company having a proprietary transdermal delivery system platform that can shuttle pharmaceutical and natural molecules through the skin, in a targeted manner. Delivra manufactures and sells a growing line of natural topical creams with the proprietary transdermal delivery system platform under the LivReliefTM brand, for conditions such as joint and muscle pain, nerve pain, varicose veins, wound healing, and sports performance. LivRelief products are available in over 6,000 retail locations, including pharmacies, grocery chains, and independent health food stores across Canada.

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Buyer(S) 1

Buyer

Delivra Health Brands

Vancouver, British Columbia, Canada
Category Company
Sector Consumer Products
Revenue 10M USD (2023)
DESCRIPTION

Delivra Health Brands is a global cannabis company that develops and provides innovative lifestyle and wellness products to consumers and patients in regulated markets around the world. The Company's range of lifestyle solutions is designed to enhance the quality of life. Shareholders have significant exposure to the entire cannabis value chain through three wholly-owned subsidiaries: United Greeneries, a Licensed Producer; Satipharm (medical and nutraceutical); and Dream Water (consumer).

DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2019) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 Greenbelt Greenhouse

Vancouver, British Columbia, Canada

Greenbelt Greenhouse Ltd. is a supplier of high quality greenhouse grew cannabis. Greenbelt Greenhouse Ltd. started with a personal interest in the magic of healthy flavourful foods, a desire to work in a warm and sunny greenhouse, a compulsion to promote ecological growing practices, and an aspiration to more efficiently grow better food.

Buy -
Mergr

Product

Company

Legal