M&A Deal Summary

HeavenlyRx Acquires PureKana LTD

On October 2, 2019, HeavenlyRx acquired consumer products company PureKana LTD

Acquisition Highlights
  • This is HeavenlyRx’s 2nd transaction in the Consumer Products sector.
  • This is HeavenlyRx’s 2nd transaction in the United States.
  • This is HeavenlyRx’s 1st transaction in Arizona.

M&A Deal Summary
Date 2019-10-02
Target PureKana LTD
Sector Consumer Products
Buyer(s) HeavenlyRx
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 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 STATS #
Overall 2 of 2
Sector (Consumer Products) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Arizona) 1 of 1
Country (United States) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 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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