M&A Deal Summary

Valens Acquires Citizen Stash

On August 31, 2021, Valens acquired consumer products company Citizen Stash for 54M USD

Acquisition Highlights
  • This is Valens’ 2nd transaction in the Consumer Products sector.
  • This is Valens’ largest (disclosed) transaction.
  • This is Valens’ 1st transaction in Canada.
  • This is Valens’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2021-08-31
Target Citizen Stash
Sector Consumer Products
Buyer(s) Valens
Deal Type Add-on Acquisition
Deal Value 54M USD
Advisor(s) Evans & Evans, Inc. (Financial)
Fasken Martineau DuMoulin LLP (Legal)

Target

Citizen Stash

Mission, British Columbia, Canada
website
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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Buyer(S) 1

Buyer

Valens

Toronto, Ontario, Canada

website

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 2 of 3
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (British Columbia) 1 of 2
Country (Canada) 1 of 2
Year (2021) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Green Roads

Deerfield Beach, Florida, United States

Green Roads is a privately-owned CBD company in the United States, with a focus on quality from its pharmacist-founded background. Based in South Florida, the company produces an award-winning lineup of health and wellness products using hemp-derived CBD across a variety of consumer categories such as oils, topicals, ingestibles, personal care and pet products. Additionally, Green Roads provides B2B manufacturing services for a variety of partners. Green Roads boasts a leading market share and brand platform in the US CBD industry, with an extensive distribution network consisting of over 7,000 retail stores and a robust e-commerce and marketing platform with over 30,000 five-star reviews across all its product lines.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 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.

Buy -
Mergr

Product

Company

Legal