M&A Deal Summary

Lobe Sciences Acquires Altemia

On September 14, 2023, Lobe Sciences acquired life science company Altemia

Acquisition Highlights
  • This is Lobe Sciences’ 1st transaction in the Life Science sector.
  • This is Lobe Sciences’ 1st transaction in the United States.
  • This is Lobe Sciences’ 1st transaction in Florida.

M&A Deal Summary

Date 2023-09-14
Target Altemia
Sector Life Science
Buyer(s) Lobe Sciences
Deal Type Add-on Acquisition

Target

Altemia

Stuart, Florida, United States
Altemia is a patent-pending oral emulsion brand consisting of a proprietary mixture of polyunsaturated fatty acid triglyceride esters clinically evaluated to reduce inflammation associated with adults with SCD. Altemia is based in Stuart, Florida.

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Buyer(S) 1

Buyer

Lobe Sciences

Vancouver, British Columbia, Canada

Category Company
Sector Consumer Products
DESCRIPTION

Lobe Sciences is a growth-oriented technology and services company, provides real estate, financial, management, intellectual property, and branding support to licensed cannabis businesses in the United States. Lobe Sciences is headquartered in Vancouver, Canada.


DEAL STATS #
Overall 1 of 1
Sector (Life Science) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Cowlitz County Cannabis Cultivation

Longview, Washington, United States

Cowlitz County Cannabis Cultivation is a cannabis company built around a family that sources the highest quality cannabis in Washington State. The company utilizes butane extraction methods to provide great, affordable, and beautiful dab products. Cowlitz County Cannabis Cultivation is based in Longview, Washington.

Sell CA$23M