1. Home >
  2. M&A >
  3. Divestiture >
  4. Colombia >
  5. Flora Growth Acquires Grupo Farmaceutico Cronomed S.A.S.

Divestiture • Medical Products

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

Explore All 633 Divestiture Medical Products Deals - Search the Database Free


M&A Deal Summary
Date January 9, 2020
Target Grupo Farmaceutico Cronomed S.A.S.
Sector Medical Products
Buyer(s) Flora Growth
Sellers(s) Latin Canada Pharma
Deal Type Divestiture

Target Company

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).
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 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 Context for Buyer #
Overall 1 of 5
Sector: Medical Products 1 of 1
Type: Divestiture 1 of 1
Country: Colombia 1 of 1
Year: 2020 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.

Buy -

Seller Profile 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 Context for Seller #
Overall 1 of 1
Sector: Medical Products 1 of 1
Type: Divestiture 1 of 1
Country: Colombia 1 of 1
Year: 2020 1 of 1

Explore Related M&A Activity

Medical Products M&A - Divestiture M&A Deals - Colombia M&A - 2020 M&A

Mergr

Solution for

Product

Company

Legal