Merger/Acquisition and Corporate

3. 3. Indiva, producer and distributer of award-winning cannabis products nationally, was acquired by SNDL for CAD 22.7 million. The acquisition of the Indiva Assets is expected to further enhance SNDL’s product portfolio, particularly in the edibles segment, and reinforce its position as a leading player in the Canadian cannabis market.
   4. Keystone Labs, provider of analytical and microbiological testing services for pharmaceutical, biotechnological, medical device and natural health product industries, was acquired by Innovotech for CAD 516,698.
   5. The Source, operator of a network of medical marijuana dispensaries intended to provide a safe, clean, comfortable, respectful, and compassionate environment for consumers to obtain a host of wellness products and services, was acquired by Deep Roots Harvest.

Later Stage VC

6. 6. Eaze, operator of a cannabis marketplace intended to offer on-demand medical marijuana delivery services, raised $10 million in Series B venture funding.
   7. Phylos, operator of an agricultural genomics company intended to enhance the next generation of hemp and cannabis, raised $1.81 million in venture funding.

Angel, Seed, and Grant

8. 8. Cannamatrix, operator of a cannabis biotech platform intended to allow growers to select the best from their seed stock, raised $10 million in Series B venture funding.

#castleplacement #capitalraising #privateequity #venturecapital #investment #Cannabis

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PIPE

1. 1. Avicanna, an innovative, commercial-stage, and international biopharmaceutical company focused on the development, advancement, and commercialization of evidence-based cannabinoid-based products, received CAD 800,000 of development capital through a private placement.
   2. Nevis Brands, innovator and developer of cannabis beverages and related products, received $114,516 of development capital.

Merger/Acquisition and Corporate

3. 3. Indiva, producer and distributer of award-winning cannabis products nationally, was acquired by SNDL for CAD 22.7 million. The acquisition of the Indiva Assets is expected to further enhance SNDL’s product portfolio, particularly in the edibles segment, and reinforce its position as a leading player in the Canadian cannabis market.
   4. Keystone Labs, provider of analytical and microbiological testing services for pharmaceutical, biotechnological, medical device and natural health product industries, was acquired by Innovotech for CAD 516,698.
   5. The Source, operator of a network of medical marijuana dispensaries intended to provide a safe, clean, comfortable, respectful, and compassionate environment for consumers to obtain a host of wellness products and services, was acquired by Deep Roots Harvest.

Later Stage VC

6. 6. Eaze, operator of a cannabis marketplace intended to offer on-demand medical marijuana delivery services, raised $10 million in Series B venture funding.
   7. Phylos, operator of an agricultural genomics company intended to enhance the next generation of hemp and cannabis, raised $1.81 million in venture funding.

Angel, Seed, and Grant

8. 8. Cannamatrix, operator of a cannabis biotech platform intended to allow growers to select the best from their seed stock, raised $10 million in Series B venture funding.

#castleplacement #capitalraising #privateequity #venturecapital #investment #Cannabis

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