M&A Deal Summary

iAnthus Acquires CBD for Life

On March 29, 2019, iAnthus acquired consumer products company CBD for Life for 16M USD

Acquisition Highlights
  • This is iAnthus’ 2nd transaction in the Consumer Products sector.
  • This is iAnthus’ 3rd largest (disclosed) transaction.
  • This is iAnthus’ 1st transaction in the United States.
  • This is iAnthus’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2019-03-29
Target CBD for Life
Sector Consumer Products
Buyer(s) iAnthus
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

CBD for Life

Owensboro, Kentucky, United States
CBD For Life produces highly innovative, natural, luxurious, and effective Cannabidiol (CBD) infused pain management and beauty products using 99% pure CBD extract derived from stems and stalks of industrial hemp. Our revolutionary formulas combine CBD with nourishing essential oils and other active ingredients to aid in reducing pain, inflammation, and stress while promoting anti-aging, rejuvenation, and vibrancy.

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Buyer(S) 1

Buyer

iAnthus

New York, New York, United States
Category Company
Sector Consumer Products
Employees717
Revenue 159M USD (2023)
DESCRIPTION

iAnthus owns and operates licensed cannabis cultivation, processing and dispensary facilities throughout the United States, providing investors diversified exposure to the U.S. regulated cannabis industry. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and health care services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. iAnthus is based in New York City.

DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 1 of 2
State (Kentucky) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 MPX Bioceutical

Toronto, Ontario, Canada

MPX Bioceutical Corp. is a provider of substantial management, staffing, procurement, advisory, financial, real estate rental, logistics and administrative services to three medicinal cannabis enterprises in Arizona operating under the Health for Life (dispensaries) and the award-winning Melting Point Extracts (high-margin concentrates wholesale) brands.

Buy $835M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-19 Sierra Wellness Connection

Reno, Nevada, United States

WSCC, Inc. is a licensed cannabis company with two dispensary locations and over 20,000 square feet of cultivation/production facilities in Reno and Carson City.

Buy $28M
Mergr

Product

Company

Legal