M&A Deal Summary

Flora Growth Acquires Masaya

On May 23, 2022, Flora Growth acquired consumer products company Masaya

Acquisition Highlights
  • This is Flora Growth’s 2nd transaction in the Consumer Products sector.
  • This is Flora Growth’s 2nd transaction in the United States.
  • This is Flora Growth’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2022-05-23
Target Masaya
Sector Consumer Products
Buyer(s) Flora Growth
Deal Type Add-on Acquisition

Target

Masaya

Franklin, Tennessee, United States
Masaya is a producer of CBD 3000 a patent-pending formulation of CBD oil that accentuates neuroprotectivity. Masaya is based in Franklin, Tennessee.

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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 3 of 5
Sector (Consumer Products) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Tennessee) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 3
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-07 No Cap Hemp

Davie, Florida, United States

No Cap Hemp manufacturer of global cannabis products. No Cap Hemp products are derived from their own premium, indoor-grown hemp flowers. No Cap Hemp is based in Davie, Florida.

Buy -
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