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New Deal


Announced

Completed

Flora Growth completed the acquisition of Vessel Brand for $30m.

Financials

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Transaction Value£22m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Acquisition

United States

Recreational Products

Single Bidder

Friendly

Cross Border

Private

Completed

cannabis consumer technology

Synopsis

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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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