M&A Deal Summary

Dermapharm Holding Acquires C3 Cannabinoid Compound

On December 15, 2021, Dermapharm Holding acquired life science company C3 Cannabinoid Compound from Canopy Growth for 123M EUR

Acquisition Highlights
  • This is Dermapharm Holding’s 2nd transaction in the Life Science sector.
  • This is Dermapharm Holding’s 0th largest (disclosed) transaction.
  • This is Dermapharm Holding’s 1st transaction in Germany.

M&A Deal Summary
Date 2021-12-15
Target C3 Cannabinoid Compound
Sector Life Science
Buyer(s) Dermapharm Holding
Sellers(s) Canopy Growth
Deal Type Divestiture
Deal Value 123M EUR

Target

C3 Cannabinoid Compound

Neumarkt, Germany
C3 Cannabinoid Compound develops and manufactures pharmaceutical products and is comprised of Spectrum Therapeutics GmbH, based in Neumarkt-in-der-Oberpfalz, Germany, THC Pharm GmbH The Health Concept, based in Frankfurt, Germany, and Spectrum Therapeutics Austria GmbH, based in Vienna, Austria.

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Buyer(S) 1

Buyer

Dermapharm Holding

Grunwald, Germany
Category Company
Founded 1991
Sector Life Science
Employees3,497
Revenue 1.1B EUR (2023)
DESCRIPTION

Dermapharm Holding is a manufacturer of patent-free branded pharmaceuticals for selected markets. Dermapharm's integrated business model includes in-house development, in-house production, and distribution of pharmaceuticals and other healthcare products to selected markets through a pharmaceutically trained sales force. Dermapharm Holding was founded in 1991 and is based in Grunwald, Germany.

DEAL STATS #
Overall 2 of 3
Sector (Life Science) 2 of 3
Type (Divestiture) 1 of 1
Country (Germany) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 Euromed S.A.

Mollet del Vallès, Spain

Euromed S.A. is a provider of herbal extracts and natural active substances for the pharmaceutical, dietary supplement and cosmetic sectors. Euromed S.A. was founded in 1971 and is based in Mollet del Vallès, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-30 Arkopharma Laboratories

Carros, France

Arkopharma Laboratories is a pharmaceutical laboratory specialised in the area of phytotherapy, natural medicine and dietary supplements. By offering a global approach to health and well-being, Arkopharma Pharmaceutical Laboratories meets consumers' needs. It offers natural medicines intended for treatment and prevention, increases consumption oriented towards family self-medication, and also offers healthcare professionals new possibilities for prescriptions. Arkopharma Laboratories was founded in 1980 and is based in Carros, France.

Buy -

Seller(S) 1

SELLER

Canopy Growth

Smiths Falls, Ontario, Canada
Category Company
Founded 2009
Sector Medical Products
Employees1,621
Revenue 403M CAD (2023)
DESCRIPTION

Canopy Growth is a diversified cannabis company, offering distinct brands and curated cannabis varieties in dried, oil and capsule forms. Through its wholly-owned subsidiaries, Canopy Growth operates numerous state-of-the-art production facilities with over half a million square feet of GMP-certified indoor and greenhouse production capacity, all to an unparalleled level of quality assurance procedures and testing. Canopy Growth has established partnerships with leading sector names in Canada and abroad, with interests and operations spanning four continents. The Company is proudly dedicated to educating healthcare practitioners, providing consistent access to high quality cannabis products, conducting robust clinical research, and furthering the public's understanding of cannabis. Canopy Growth was founded in 2009 and is based in Smiths Falls, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Life Science) 1 of 1
Type (Divestiture) 1 of 2
Country (Germany) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Wana Brands

Boulder, Colorado, United States

Wana Brands manufactures and sells gummies in the U.S. state of Colorado and licenses its intellectual property to partners, who manufacture, distribute, and sell Wana-branded gummies across the U.S., including California, Arizona, Illinois, Michigan, and Florida giving Wana a total footprint of 12 U.S. states currently, and across Canada. Wana products offer diverse product forms, a wide range of CBD/THC ratios, as well as a variety of different dosages, onset times, and duration of effects. Wana Brands was formed in 2010 and is based in Boulder, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-18 Jetty Extracts

Oakland, California, United States

Jetty Extracts is cannabis company focused on craft and innovation while applying a strict adherence to compliance, fiscal responsibility, environmental concerns, and community commitment (with a little time for some surfing in between). The company continues to focus on its state-of-the-art production facility, utilizing the latest technology to create industry-leading extracts including award-winning Solventless Vape, Live Resin Vape, and other products. Jetty also founded and operates The Shelter Project, a need-based program that has provided over $1 million worth of free cannabis products to cancer patients. Jetty Extracts is based in 2013 and is based in Oakland, California.

Buy $69M
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