M&A Deal Summary

Hemp Technology Acquires True Leaf Pet

On August 31, 2020, Hemp Technology acquired consumer products company True Leaf Pet from True Leaf Brands

Acquisition Highlights
  • This is Hemp Technology’s 1st transaction in the Consumer Products sector.
  • This is Hemp Technology’s 1st transaction in Canada.
  • This is Hemp Technology’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-08-31
Target True Leaf Pet
Sector Consumer Products
Buyer(s) Hemp Technology
Sellers(s) True Leaf Brands
Deal Type Divestiture

Target

True Leaf Pet

Vernon, British Columbia, Canada
True Leaf Pet, Inc. is a global pet care company offering high-quality plant-focused wellness products that improve the quality of life for companion animals.

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Buyer(S) 1

Buyer

Hemp Technology

Louisville, Kentucky, United States
Category Company
Sector Agriculture
DESCRIPTION

Hemp Technology, Inc. is a producer, manufacturer, and distributor of hemp-derived high-value phytocannabinoids in the world. The Company is a B2B, bulk and wholesale supplier of hemp-derived CBD isolate established to serve the rapidly growing global market.

DEAL STATS #
Overall 2 of 2
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 Pettanicals Pet Treats

Louisville, Kentucky, United States

Pettanicals Pet Treats, Inc. is a provider of nutritional pet supplement products. Pettanicals Pet Treats is based in Louisville, Kentucky.

Buy -

Seller(S) 1

SELLER

True Leaf Brands

Vernon, British Columbia, Canada
Category Company
Founded 2013
Sector Consumer Products
Revenue 2M USD (2019)
DESCRIPTION

True Leaf Brands has 2 divisions: True Leaf Medicine Inc. and True Leaf Pet Inc. True Leaf Medicine Inc. began as a ‘Licensed Producer’ applicant in Canada’s Marihuana for Medical Purposes Regulations (MMPR) program. Shortly thereafter, the federal government changed its position on medical marijuana. It is now governed by the Access to Cannabis for Medical Purposes Regulations (ACMPR) program and many applicants have either gone out of business or have declined to continue down the difficult road to achieve license approval. The team at True Leaf continues to persevere and the company’s application is in good standing in the security clearance stage. True Leaf Brands was founded in 2013 and is based in Vancouver, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-21 OregaPet

Vernon, British Columbia, Canada

OregaPet is a Canadian brand of medicinal products for pets. OregaPet has brought the healing properties of oil of oregano to dental treats, toothpaste, dental spray, ear treatment, first aid gel, bed and body spray and shampoo. ​

Buy -
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