M&A Deal Summary

Veritas Farms Acquires 271 Lake Davis Holdings

On October 2, 2017, Veritas Farms acquired consumer products company 271 Lake Davis Holdings

Acquisition Highlights
  • This is Veritas Farms’ 1st transaction in the Consumer Products sector.
  • This is Veritas Farms’ 1st transaction in the United States.
  • This is Veritas Farms’ 1st transaction in Colorado.

M&A Deal Summary

Date 2017-10-02
Target 271 Lake Davis Holdings
Sector Consumer Products
Buyer(s) Veritas Farms
Deal Type Add-on Acquisition

Target

271 Lake Davis Holdings

Pueblo, Colorado, United States
SanSal is a Colorado-based producer of superior quality whole plant broad spectrum phytocannabinoid hemp oils and extracts. SanSal currently operates a 140-acre farm and production facilities in Pueblo, Colorado, and is registered with the Colorado Department of Agriculture to grow industrial hemp pursuant to federal law.

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Buyer(S) 1

Buyer

Veritas Farms

Fort Lauderdale, Florida, United States

Category Company
Sector Agriculture
Employees17
Revenue 1M USD (2022)
DESCRIPTION

Veritas Farms is a vertically integrated agribusiness focused on producing superior quality, whole-plant, broad spectrum phytocannabinoid-rich hemp oils and extracts. The Company currently operates a 140-acre farm and production facilities in Pueblo, Colorado, and is registered with the Colorado Department of Agriculture to grow industrial hemp. The Company markets and sells products under its Veritas Farms™ brand and manufactures private-label products for a number of leading distributors and retailers. Veritas Farms is based in Fort Lauderdale, Florida.


DEAL STATS #
Overall 1 of 2
Sector: Consumer Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-28 Asystem

Venice, California, United States

Asystem is a supplement business that makes the benefits of clinical science accessible to all by creating science-forward supplements for all health needs & goals. Its current assortment spans Pain Relief, Anti-Anxiety, Sleep, Productivity, Libido and Men’s Health. Asystem is based in Venice, California.

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