M&A Deal Summary

Standard Wellness Acquires Forest Springville

On March 25, 2024, Standard Wellness acquired consumer products company Forest Springville

Acquisition Highlights
  • This is Standard Wellness’ 1st transaction in the Consumer Products sector.
  • This is Standard Wellness’ 1st transaction in the United States.
  • This is Standard Wellness’ 1st transaction in Utah.

M&A Deal Summary
Date 2024-03-25
Target Forest Springville
Sector Consumer Products
Buyer(s) Standard Wellness
Deal Type Add-on Acquisition

Target

Forest Springville

Springville, Utah, United States
Forest Springville offers a variety of products including cannabis flower, vaporizer cartridges, edibles including gummies, chocolates, tablets, concentrates and topicals, and gear. Forest Springville is based in Springville, Utah.

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Buyer(S) 1

Buyer

Standard Wellness

Cleveland, Ohio, United States
Category Company
Founded 2017
Sector Consumer Products
DESCRIPTION

Standard Wellness operates five retail locations under The Forest brand. Standard Wellness was the first vertically integrated medical marijuana company making the first-ever legal marijuana sale in the state through its dispensary. Standard Wellness is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Mergr

Product

Company

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