M&A Deal Summary

META Acquires HEXO

On October 20, 2015, META acquired medical products company HEXO for 21M USD

Acquisition Highlights
  • This is META’s 1st transaction in the Medical Products sector.
  • This is META’s largest (disclosed) transaction.
  • This is META’s 1st transaction in Canada.
  • This is META’s 1st transaction in Quebec.
Investment Fate
  • HEXO went public in 2019.
  • HEXO was sold to a strategic buyer in 2023.

M&A Deal Summary
Date 2015-10-20
Target HEXO
Sector Medical Products
Buyer(s) META
Deal Type Add-on Acquisition
Deal Value 21M USD

Target

HEXO

Gatineau, Quebec, Canada
HEXO is an award-winning consumer packaged goods cannabis company that creates and distributes prize-winning products to serve the global cannabis market. Through its hub and spoke business strategy, HEXO Corp is partnering with Fortune 500 companies, bringing its brand value, cannabinoid isolation technology, licensed infrastructure and regulatory expertise to established companies, leveraging their distribution networks and capacity. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 1.8 million sq. ft of facilities in Ontario and Quebec and a foothold in Greece to establish a Eurozone processing, production and distribution centre. HEXO was founded in 2013 and is based in Gatineau, Canada.

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Buyer(S) 1

Buyer

META

Etobicoke, Ontario, Canada
Category Company
Founded 2014
Sector Consumer Products
Employees301
Revenue 54M CAD (2019)
DESCRIPTION

META is a manufacturer and marketer of medical marijuana products in Canada and internationally. META was founded in 2014 and is based in Brampton, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-24 HEXO

Gatineau, Quebec, Canada

HEXO is an award-winning consumer packaged goods cannabis company that creates and distributes prize-winning products to serve the global cannabis market. Through its hub and spoke business strategy, HEXO Corp is partnering with Fortune 500 companies, bringing its brand value, cannabinoid isolation technology, licensed infrastructure and regulatory expertise to established companies, leveraging their distribution networks and capacity. As one of the largest licensed cannabis companies in Canada, HEXO Corp operates with 1.8 million sq. ft of facilities in Ontario and Quebec and a foothold in Greece to establish a Eurozone processing, production and distribution centre. HEXO was founded in 2013 and is based in Gatineau, Canada.

Sell -
Mergr

Product

Company

Legal