M&A Deal Summary

Heritage Cannabis Acquires Opticann

On August 5, 2020, Heritage Cannabis acquired medical products company Opticann

Acquisition Highlights
  • This is Heritage Cannabis’ 1st transaction in the Medical Products sector.
  • This is Heritage Cannabis’ 1st transaction in the United States.
  • This is Heritage Cannabis’ 1st transaction in Colorado.

M&A Deal Summary
Date 2020-08-05
Target Opticann
Sector Medical Products
Buyer(s) Heritage Cannabis
Deal Type Add-on Acquisition

Target

Opticann

Boulder, Colorado, United States
Opticann, Inc. is an operator of topical cannabinoid company that is dedicated to bringing medical hemp-based cannabinoid products backed by objective scientific data on safety, performance, and effectiveness to the market. Opticann is based in Boulder, Colorado.

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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 1 of 3
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Colorado) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 2
FOLLOWING 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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