M&A Deal Summary

Halo Collective Acquires Cannafeels

On September 23, 2020, Halo Collective acquired software company Cannafeels for 7M USD

Acquisition Highlights
  • This is Halo Collective’s 2nd transaction in the Software sector.
  • This is Halo Collective’s largest (disclosed) transaction.
  • This is Halo Collective’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2020-09-23
Target Cannafeels
Sector Software
Buyer(s) Halo Collective
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Cannafeels

United Kingdom
Cannafeels is a software company developing an online application (the “App”) to provide consumers with relevant, web-sourced and curated information about cannabis strains. Cannafeels is based in United Kingdom.

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Buyer(S) 1

Buyer

Halo Collective

Toronto, Ontario, Canada
Category Company
Founded 2016
Sector Consumer Products
Employees276
Revenue 25M USD (2022)
DESCRIPTION

Halo Collective is a cannabis extraction company that develops and manufactures quality cannabis oils and concentrates. Halo Collective was founded in 2016 and is based in Toronto, Canada.

DEAL STATS #
Overall 10 of 12
Sector (Software) 2 of 2
Type (Add-on Acquisition) 10 of 12
Country (United Kingdom) 2 of 2
Year (2020) 6 of 6
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-06 Ukiah Ventures

Ukiah, California, United States

Ukiah services licensed cannabis processors and distributors that currently focus on the procurement of biomass from farms located primarily in the northern California region, and distribution to manufacturers and processors throughout California. Ukiah allows licensed operators to provide a conduit for cannabis to flow from cultivators to manufacturers and distributors. Located in Ukiah, California, Ukiah Ventures Inc. owns a scalable facility of approximately 30,000 square feet located on 6.3 acres with industrial zoning, strategically located off Highway 101 and is easily accessible by a large number of licensed farms in the surrounding area. Ukiah also offers value-added services for California cultivators, including trimming, curing, drying, freezing/storing services. Long-standing relationships with the farming communities in its area of operation allow Ukiah to identify profitable opportunities to acquire biomass and procurement at competitive prices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-28 Phytocann

Villeneuve, Switzerland

Phytocann is vertically integrated from seed to sale, serving multiple market segments with a range of brands including 260 products that are distributed to over 1,000 stores in Switzerland and France. Phytocann was founded in 2017 and is based in Villeneuve, Switzerland.

Buy -
Mergr

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Company

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