.
MergerLinks Header Logo

New Deal


Announced

Greenlane to acquire DaVinci.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Electrical Components

Single Bidder

Pending

Domestic

electric equipment

Friendly

Acquisition

United States

Majority

Private

Synopsis

Edit

Greenlane, a global house of brands and seller of premium cannabis accessories, agreed to acquire DaVinci, a developer and manufacturer of premium portable vaporizers. Financial terms were not disclosed. "DaVinci leads the way in innovative portable vaporizers and we are thrilled to bring them into our owned brand portfolio. This acquisition perfectly illustrates our mission of elevating all elements of the consumption experience, and we look forward to building on our recent success of acquiring strategic and accretive brands. As we continue to execute on our robust pipeline of acquisition targets, we aim to ensure our customers have a best-in-class product selection, while driving profitability and shareholder value by increasing our higher-margin owned brand offerings," Nick Kovacevich, Greenlane CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US