M&A Deal Summary

Flora Growth Acquires No Cap Hemp

On September 7, 2022, Flora Growth acquired consumer products company No Cap Hemp

Acquisition Highlights
  • This is Flora Growth’s 3rd transaction in the Consumer Products sector.
  • This is Flora Growth’s 3rd transaction in the United States.
  • This is Flora Growth’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-09-07
Target No Cap Hemp
Sector Consumer Products
Buyer(s) Flora Growth
Deal Type Add-on Acquisition

Target

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.

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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 4 of 5
Sector (Consumer Products) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Florida) 1 of 1
Country (United States) 3 of 3
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-23 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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 Franchise Global Health

Vancouver, British Columbia, Canada

Franchise Global Health through its subsidiaries, is a multi-national operator in the medical cannabis and pharmaceutical industries, with principal operations in Germany and with operations, assets, strategic partnerships, and investments internationally. FGH’s business objective is to develop a fully-integrated, leading European medical cannabis business, with the goal of providing high-quality pharmaceutical-grade medical cannabis to distribution partners and, ultimately, to patients, at competitive prices. Franchise Global Health is based in Vancouver, British Columbia.

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