M&A Deal Summary

Harvest Health & Recreation Acquires Franklin Labs

On March 27, 2020, Harvest Health & Recreation acquired consumer products company Franklin Labs from CannaPharmacy for 26M USD

Acquisition Highlights
  • This is Harvest Health & Recreation’s 5th transaction in the Consumer Products sector.
  • This is Harvest Health & Recreation’s 3rd largest (disclosed) transaction.
  • This is Harvest Health & Recreation’s 7th transaction in the United States.
  • This is Harvest Health & Recreation’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2020-03-27
Target Franklin Labs
Sector Consumer Products
Buyer(s) Harvest Health & Recreation
Sellers(s) CannaPharmacy
Deal Type Divestiture
Deal Value 26M USD

Target

Franklin Labs

Reading, Pennsylvania, United States
Franklin Labs LLC focus to provide the highest quality of medicinal cannabis to treat those issues and continually exceed patients’ expectations through educated, sensitive and compassionate care. The company has a 46,800 sq. ft. cultivation and manufacturing/processing facility in Reading, Pennsylvania.

Search 201,429 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Harvest Health & Recreation

Tempe, Arizona, United States
Category Company
Sector Consumer Products
DESCRIPTION

Harvest Health & Recreation, Inc. is a vertically integrated cannabis company with permits and licenses in 10 U.S. states (including local approvals in Massachusetts). Harvest Health & Recreation is based in Tempe, Arizona.

DEAL STATS #
Overall 7 of 7
Sector (Consumer Products) 5 of 5
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 7 of 7
Year (2020) 3 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 Arizona Natural Selections

Peoria, Arizona, United States

Arizona Natural Selections is a cannabis company that holds four vertical medical licenses which include retail locations: Green Desert Patient Center of Peoria, Inc., Green Sky Patient Center of Scottsdale North, Inc., The Giving Tree Wellness Center of Mesa, Inc. Arizona Natural Selections is based in Peoria, Arizona.

Buy -

Seller(S) 1

SELLER

CannaPharmacy

United States
Category Company
Sector Consumer Products
DESCRIPTION

CannaPharmacy, Inc. owns or operates cannabis licenses in Pennsylvania, Delaware, New Jersey, and Maryland. The CannaPharmacy acquisition will bring operations in four major northeastern states. The licenses and assets of CannaPharmacy will add to Harvest’s extensive national footprint across 17 states and Puerto Rico.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal