M&A Deal Summary

Fiore Cannabis Acquires Veritas Pharma

On January 9, 2017, Fiore Cannabis acquired life science company Veritas Pharma for 1M USD

Acquisition Highlights
  • This is Fiore Cannabis’ 1st transaction in the Life Science sector.
  • This is Fiore Cannabis’ largest (disclosed) transaction.
  • This is Fiore Cannabis’ 1st transaction in Canada.
  • This is Fiore Cannabis’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2017-01-09
Target Veritas Pharma
Sector Life Science
Buyer(s) Fiore Cannabis
Deal Type Add-on Acquisition
Deal Value 1M USD

Target

Veritas Pharma

Vancouver, British Columbia, Canada
Veritas Pharma, Inc. is a provider of comprehensive scientific approach to medical marijuana claims. Veritas's mission has been to develop the most effective proprietary cannabis strains for specific disease conditions and to provide doctors and patients with conclusive science evidence to recommend and use medical marijuana with confidence.

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Buyer(S) 1

Buyer

Fiore Cannabis

Kelowna, British Columbia, Canada
Category Company
Founded 2007
Sector Financial Services
Revenue 3M CAD (2021)
DESCRIPTION

Fiore Cannabis is a public company which invests in health and wellness, including medical and recreational marijuana. Fiore Cannabis was founded in 2007 and is based in Kelowna, Canada.

DEAL STATS #
Overall 2 of 4
Sector (Life Science) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2017) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 EcoNevada

Las Vegas, Nevada, United States

EcoNevada LLC is a provider of provisional marijuana licenses and special use permits over 204,000 square feet of cultivation and 16,000 square feet of production.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-18 Moringa Cooperative

Palm Desert, California, United States

Moringa Cooperative, Inc. (Medical Delivery Service) is a distributor of medical products in Coachella Valley, California. The Valley connects with the Greater Los Angeles area to the West, population 19,000,000. The population of the valley is 500,000 and in addition has 3.5 million annual conventioneers and tourists.

Buy -
Mergr

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