M&A Deal Summary

YourWay Cannabis Brands Acquires Venom Extracts

On February 20, 2020, YourWay Cannabis Brands acquired consumer products company Venom Extracts for 20M CAD

Acquisition Highlights
  • This is YourWay Cannabis Brands’ 1st transaction in the Consumer Products sector.
  • This is YourWay Cannabis Brands’ largest (disclosed) transaction.
  • This is YourWay Cannabis Brands’ 1st transaction in Canada.
  • This is YourWay Cannabis Brands’ 1st transaction in Ontario.

M&A Deal Summary

Date 2020-02-20
Target Venom Extracts
Sector Consumer Products
Buyer(s) YourWay Cannabis Brands
Deal Type Add-on Acquisition
Deal Value 20M CAD

Target

Venom Extracts

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

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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 1 of 3
Sector (Consumer Products) 1 of 3
Type (Add-on Acquisition) 1 of 3
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2020) 1 of 2
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 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.

Buy -