M&A Deal Summary

Lifeist Wellness Acquires Zest

On June 1, 2023, Lifeist Wellness acquired consumer products company Zest for 3M USD

Acquisition Highlights
  • This is Lifeist Wellness’ 1st transaction in the Consumer Products sector.
  • This is Lifeist Wellness’ 3rd largest (disclosed) transaction.
  • This is Lifeist Wellness’ 2nd transaction in Canada.
  • This is Lifeist Wellness’ 1st transaction in Ontario.

M&A Deal Summary
Date 2023-06-01
Target Zest
Sector Consumer Products
Buyer(s) Lifeist Wellness
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

Zest

Ontario, Canada
Zest offers nine vape, pre-rolls, and flower product SKUs currently available in Alberta, Ontario, Saskatchewan, Manitoba, and the Territories. It has developed innovative products while tapping into fast-growing cannabis product sub-categories in the Canadian market. Zest is based in Ontario.

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Buyer(S) 1

Buyer

Lifeist Wellness

Vancouver, British Columbia, Canada
Category Company
Founded 2005
Sector Consumer Products
Employees20
Revenue 22M CAD (2023)
DESCRIPTION

Lifeist Wellness is a developer, producer and distributor of vaporizers and accessory products. Lifeist Wellness was founded in 2005 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 7 of 7
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 Findify

Stockholm, Sweden

Findify is an e-commerce machine learning applications, with over 1200 customers in more than 60 countries around the world. It develops a unique machine learning core, that leverages user behaviour, to personalize online experiences in real-time. Findify was founded in 2014 and is based in Stockholm, Sweden.

Sell $4M
Mergr

Product

Company

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