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  5. Flora Growth Acquires Grupo Farmaceutico Cronomed S.A.S.

M&A Deal Summary

Flora Growth Acquires Grupo Farmaceutico Cronomed S.A.S.

On January 9, 2020, Flora Growth acquired medical products company Grupo Farmaceutico Cronomed S.A.S. from Latin Canada Pharma

Acquisition Highlights
  • This is Flora Growth’s 1st transaction in the Medical Products sector.
  • This is Flora Growth’s 1st transaction in Colombia.

M&A Deal Summary
Date 2020-01-09
Target Grupo Farmaceutico Cronomed S.A.S.
Sector Medical Products
Buyer(s) Flora Growth
Sellers(s) Latin Canada Pharma
Deal Type Divestiture

Target

Grupo Farmaceutico Cronomed S.A.S.

Bogota, Colombia
Grupo Farmaceutico Cronomed S.A.S is a producer of 16 medical products (including antibiotics, painkillers, anti-inflammatory medications, antihistamines, and erectile dysfunction medications), 10 dietary supplement products (including vitamins and essential minerals, weight-loss supplements), 16 nutritional supplement products (including meal replacements, protein powders, collagen powders, sweeteners, hydrating drinks ) and 4 cosmetic products (including sunscreen, topical vitamin ointments, and acne treatments).

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Buyer(S) 1

Buyer

Flora Growth

Toronto, Ontario, Canada
Category Company
Sector Agriculture
DESCRIPTION

Flora Growth Corp. is a producer of organic cannabis oils, CBD-infused food & beverage, pharmaceutical-grade, medical and cosmetic-grade derivatives from the cannabis plant. Flora Growth is based in Toronto, Canada.

DEAL STATS #
Overall 1 of 5
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Colombia M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Vessel Brand

Carlsbad, California, United States

Vessel Brand is a provider of cannabis and wellness premium hardware and accessories products. With its unique lineup of high-end dry-herb accessories and vape pen batteries, bespoke product programs for brands, and decades of go-to-market experience, Vessel is the go-to product line for consumers, multi-state operators, and brands alike. Vessel Brand was founded in 2018 and is based in Carlsbad, California.

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Seller(S) 1

SELLER

Latin Canada Pharma

Ontario, Canada
Category Company
Sector Life Science
DESCRIPTION

Latin Canada Pharma, Inc. is a provider of pharmaceutical company. Latin Canada Pharma is based in Ontario, Canada.

DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Colombia M&A 1 of 1
Year: 2020 M&A 1 of 1
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