M&A Deal Summary

Heritage Cannabis Acquires The Bloom Brand

On June 1, 2021, Heritage Cannabis acquired consumer products company The Bloom Brand

Acquisition Highlights
  • This is Heritage Cannabis’ 2nd transaction in the Consumer Products sector.
  • This is Heritage Cannabis’ 2nd transaction in the United States.
  • This is Heritage Cannabis’ 1st transaction in California.

M&A Deal Summary

Date 2021-06-01
Target The Bloom Brand
Sector Consumer Products
Buyer(s) Heritage Cannabis
Deal Type Add-on Acquisition

Target

The Bloom Brand

Encino, California, United States
The Bloom Brand operates a hybrid business model where brands are owned in California and licensed to partners in New Mexico, Oklahoma, Nevada, Arizona, and Washington. Bloom launched their recreational brands in California upon cannabis legalization in the state.

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Buyer(S) 1

Buyer

Heritage Cannabis

Toronto, Ontario, Canada

Category Company
Founded 2007
Sector Life Science
Revenue 30M CAD (2023)
DESCRIPTION

Heritage Cannabis is a vertically integrated cannabis provider that currently has two Health Canada approved licenced producers, through its subsidiaries Voyage Cannabis and CannaCure Corp. Heritage has additional subsidiaries, Purefarma Solutions, which provides extraction services, and a Medical Services Division which is focused on cannabis-based medical solutions. Heritage Cannabis was founded in 2007 and is based in Toronto, Ontario.


DEAL STATS #
Overall 3 of 3
Sector: Consumer Products M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Premium 5

Edmonton, Alberta, Canada

Premium 5 Ltd. is a Canada-based recreational and medical cannabis company that creates high-quality full-spectrum concentrates under the brand Premium 5. Premium 5 offers a wide range of high-quality products that encompass premium, core, and value-priced brands in both the recreational and medical markets, creating a leading portfolio of products in the Cannabis 2.0 space focused on derivative concentrates. Premium 5 is based in Edmonton, Alberta.

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