M&A Deal Summary

YourWay Cannabis Brands Acquires Alphamind Brands

On March 11, 2020, YourWay Cannabis Brands acquired consumer products company Alphamind Brands

Acquisition Highlights
  • This is YourWay Cannabis Brands’ 2nd transaction in the Consumer Products sector.
  • This is YourWay Cannabis Brands’ 2nd transaction in Canada.
  • This is YourWay Cannabis Brands’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2020-03-11
Target Alphamind Brands
Sector Consumer Products
Buyer(s) YourWay Cannabis Brands
Deal Type Add-on Acquisition

Target

Alphamind Brands

British Columbia, Canada
Alphamind Brands is a company developing legal mushroom based natural health products and conducting R&D in conjunction with accredited universities to develop psilocybin based compounds for drug development, led by Dr. Nikos Apostolopoulos, to explore psilocybin based pharmaceutical treatments. The company's "ready to ship" product SKU's include cordyceps, lion's mane, chaga, and reishi mushroom-based: liquid cordyceps, concentrated mushroom powder, tea, chocolate. The company's product SKU's under development include syrups, elixirs, cold beverages, and nasal spray.

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Buyer(S) 1

Buyer

YourWay Cannabis Brands

Phoenix, Arizona, United States

Category Company
Founded 2019
Sector Consumer Products
Revenue 31M USD (2020)
DESCRIPTION

YourWay Cannabis Brands is a vertically integrated cannabis company. YourWay Cannabis Brands was founded in 2019 and is based in Phoenix, Arizona.


DEAL STATS #
Overall 2 of 3
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-20 Venom Extracts

Ontario, Canada

Venom Extracts is a producer of medical cannabis distillate and related products.

Buy CA$20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-20 IONIC

Tacoma, Washington, United States

IONIC is a national cannabis holdings company focused on building a multi-state consumer-focused cannabis concentrate brand portfolio focusing on the premium and luxury segments. IONIC is based in Tacoma, Washington.

Buy -