M&A Deal Summary

Harborside Acquires Sublime

On June 1, 2021, Harborside acquired consumer products company Sublime for 44M USD

Acquisition Highlights
  • This is Harborside’s 1st transaction in the Consumer Products sector.
  • This is Harborside’s largest (disclosed) transaction.
  • This is Harborside’s 6th transaction in the United States.
  • This is Harborside’s 6th transaction in California.

M&A Deal Summary
Date 2021-06-01
Target Sublime
Sector Consumer Products
Buyer(s) Harborside
Deal Type Add-on Acquisition
Deal Value 44M USD
Advisor(s) Eight Capital Management LLC (Financial)
Gowling WLG (Legal)

Target

Sublime

Oakland, California, United States
Sublime is a cannabis manufacturing best known for its expansive line of high-potency, high-quality and affordable, Fuzzies branded pre-rolls, a leading brand of pre-rolls in the state of California, as well as vapes and roll-your-own flower kits. Sublime was founded in 2014 and is based in Oakland, California.

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Buyer(S) 1

Buyer

Harborside

Toronto, Ontario, Canada
Category Company
Founded 2006
Sector Agriculture
Revenue 60M USD (2020)
DESCRIPTION

Harborside is a provider of cultivation facilities for developing craft cannabis. Harborside was founded in 2006 and is based in Oakland, California.

DEAL STATS #
Overall 6 of 6
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (California) 6 of 6
Country (United States) 6 of 6
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Loudpack

Los Angeles, California, United States

Loudpack cultivates, manufactures, processes, and distributes its branded cannabis products to retailers statewide in California. Loudpack licenses its wholly-owned brands to operators in other markets and provides contract manufacturing services to third parties. Loudpack’s brands distributed in California include Kingpen, Loudpack, Dimebag, and Smokies. Loudpack is based in Los Angeles, California.

Buy $5M
Mergr

Product

Company

Legal