Add-on Acquisition • Consumer Products

HeavenlyRx Acquires Airganics

On July 9, 2019, HeavenlyRx acquired consumer products company Airganics

Acquisition Context

This is HeavenlyRx’s 1st transaction in the Consumer Products sector.
This is HeavenlyRx’s 1st transaction in the United States.
This is HeavenlyRx’s 1st transaction in Florida.

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M&A Deal Summary
Date	July 9, 2019
Target	Airganics
Sector	Consumer Products
Buyer(s)	HeavenlyRx
Deal Type	Add-on Acquisition

Target Company

Airganics

Clearwater, Florida, United States

Airganics, LLC focuses on developing high performance wellness products. Airganics' brands include Nutri-Air, MOXE, and ENVY HEMP. Airganics' three distinct brands are poised to capture the rapidly expanding CBD wellness audience and have existing distribution in convenience-store and e-commerce channels.

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Buyer Overview 1

Buyer

HeavenlyRx

Toronto, Ontario, Canada

Category	Company
Sector	Consumer Products

DESCRIPTION

HeavenlyRx holds controlling ownership interests in various industry-leading assets in the hemp/CBD and THC-free cannabinoid wellness space, with a focus on hemp cultivation, processing and the manufacturing of a diverse range of traditional CBD products including oils, tinctures, balms, and vape-ready products. HeavenlyRx's portfolio will include several proprietary brands across numerous consumer product group verticals, including cosmetics and beauty products, bath and body products, and infused foods.

Deal Context for Buyer	#
Overall	1 of 2
Sector: Consumer Products	1 of 2
Type: Add-on Acquisition	1 of 2
State: Florida	1 of 1
Country: United States	1 of 2
Year: 2019	1 of 2

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-10-02	PureKana LTD Scottsdale, Arizona, United States PureKana LTD is a rapidly growing CBD brand and company with a large consumer base that leans toward a young and active demographic. PureKana is based in Scottsdale, Arizona.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-10-02

PureKana LTD

Scottsdale, Arizona, United States

PureKana LTD is a rapidly growing CBD brand and company with a large consumer base that leans toward a young and active demographic. PureKana is based in Scottsdale, Arizona.

Buy

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