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  6. Valens Acquires Verse Cannabis

M&A Deal Summary

Valens Acquires Verse Cannabis

On September 1, 2021, Valens acquired consumer products company Verse Cannabis

Acquisition Highlights
  • This is Valens’ 3rd transaction in the Consumer Products sector.
  • This is Valens’ 2nd transaction in Canada.
  • This is Valens’ 2nd transaction in British Columbia.

M&A Deal Summary
Date 2021-09-01
Target Verse Cannabis
Sector Consumer Products
Buyer(s) Valens
Deal Type Add-on Acquisition

Target

Verse Cannabis

British Columbia, Canada
Verse Cannabis is a cannabis brand that offers a wide selection of high-quality products providing consumers an array of cannabis consumption experiences without the uncomfortably high price point. Valens aims to leverage Verse products as its lead value-focused offering within its brand portfolio.

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Buyer(S) 1

Buyer

Valens

Toronto, Ontario, Canada
Category Company
Sector Consumer Products
Employees445
Revenue 84M USD (2020)
DESCRIPTION

Valens is a manufacturer of cannabis products with a mission to bring the benefits of cannabis to the world. Valens provides proprietary cannabis processing services across five core technologies, in addition to best-in-class product development, formulation, and manufacturing of cannabis consumer packaged goods. Valens is based in Kelowna, British Columbia.

DEAL STATS #
Overall 3 of 3
Sector: Consumer Products M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
State: British Columbia M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2021 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Citizen Stash

Mission, British Columbia, Canada

Citizen Stash is an adult-use premium cannabis brand offered nationally in seven provinces and territories. It has invested and developed a portfolio of premium cannabis genetics, strains, and products with a unique growth strategy incorporating a highly scalable aggregation and distribution business model to drive revenues across its national sales network. Citizen Stash is based in Mission, British Columbia.

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