Announced
Completed
Financials
Tags
Majority
Acquisition
United States
Recreational Products
Single Bidder
Friendly
Cross Border
Private
Completed
cannabis consumer technology
Synopsis
Flora Growth, a manufacturer and distributor of global cannabis products and brands, completed the acquisition of Vessel Brand, a company in cannabis consumer technology, for $30m. “We are looking forward to formally joining the Flora team and supporting their vision of becoming a global leader in plant-based health and wellness. From unrivaled cost-structure to an impressive and expanding brand portfolio, Flora has built a strong foundation for growth which we are now well-positioned to capitalize on in the rapidly expanding cannabis market,” James Choe, Vessel Founder and CEO.
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