M&A Deal Summary

Sugarmade Acquires Athena United

On October 17, 2018, Sugarmade acquired e-commerce company Athena United

Acquisition Highlights
  • This is Sugarmade’s 1st transaction in the E-Commerce sector.
  • This is Sugarmade’s 2nd transaction in the United States.
  • This is Sugarmade’s 2nd transaction in California.

M&A Deal Summary
Date 2018-10-17
Target Athena United
Sector E-Commerce
Buyer(s) Sugarmade
Deal Type Add-on Acquisition

Target

Athena United

Santa Fe Springs, California, United States
Sky Unlimited LLC is an eCommerce provider of cannabis cultivation materials to wholesalers and large commercial cannabis cultivators. Sky Unlimited LLC is based in Santa Fe Springs, California.

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Buyer(S) 1

Buyer

Sugarmade

San Jose, California, United States
Category Company
Sector Marketing
DESCRIPTION

Sugarmade, Inc. is a product and brand marketing company investing in products and brands with disruptive potential. Sugarmade's brands include CarryOutSupplies.com, Sugarmade Tree Free Paper, FreeHand® ThumbTray® and CannaShroud™, the world's first Cannabis specific shipping systems.

DEAL STATS #
Overall 3 of 6
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 2 of 5
State (California) 2 of 4
Country (United States) 2 of 5
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-16 BizRight

Duarte, California, United States

BizRight LLC is a Duarte, California based distributor and marketer of cannabis-related products online.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Hydro4Less

San Francisco, California, United States

Hydro4Less is a retailer of premium hydroponics equipment at a super low cost. Tents, Double Ended Technology, Tents, Fans, Trimmers and much more. Hydro4Less is based in San Francisco, California.

Buy -
Mergr

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