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M&A Deal Summary

HempFusion Acquires Apothecanna

On May 17, 2021, HempFusion acquired consumer products company Apothecanna for 15M USD

Acquisition Highlights
  • This is HempFusion’s 1st transaction in the Consumer Products sector.
  • This is HempFusion’s 2nd largest (disclosed) transaction.
  • This is HempFusion’s 1st transaction in the United States.
  • This is HempFusion’s 1st transaction in Colorado.

M&A Deal Summary
Date 2021-05-17
Target Apothecanna
Sector Consumer Products
Buyer(s) HempFusion
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Apothecanna

Denver, Colorado, United States
Apothecanna pioneered cannabis-powered body care and topicals, and was the first topicals brand to expand nationally and obtain a Federal Trademark. Apothecanna is an established brand in the premium CBD topicals space with significant distribution in the North American market, most notably through CVS and 7th Sense. The company also has access to the Canadian marketplace through a strategic business relationship, giving it a significant market share in the Canadian topicals space. Apothecanna was formed in 2009 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

HempFusion

Denver, Colorado, United States
Category Company
Founded 2015
Sector Consumer Products
Employees47
Revenue 4M USD (2020)
DESCRIPTION

HempFusion is a health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retail locations across all 50 states of the United States and select international locations. HempFusion was founded in 2015 and is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 2
Sector: Consumer Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Sagely Naturals

Santa Monica, California, United States

Sagely Naturals is a provider of premium CBD products with mass distribution in more than 14,000 retailers nationwide. Sagely Naturals was founded in 2015 and is based in Santa Monica, California.

Buy $30M
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