Agriculture Acquisitions in Canada

Elevate Farms Inc., a Canadian ag tech firm, acquired Fieldless Farms, a Cornwall, Ontario-based vertical producer of leafy greens. The transaction makes Fieldless Farms a 100% wholly owned subsidiary of Elevate, with the combined company aiming to scale controlled-environment agriculture (CEA) capabilities and support Canadian food sovereignty while pursuing global expansion.

Sun Valley Investments AG, together with related party Goldlogic Corp., acquired 4,889,684 common shares of Canagold Resources Ltd. through a CAD$2.0 million private placement that closed on August 18, 2025. The purchase included 2,325,581 flow-through shares and 2,564,103 non-flow-through common shares, increasing Sun Valley’s controlled position to 93,527,817 shares (about 48.25% on an undiluted basis).

Bunge Global SA announced it has successfully closed its previously announced merger with Viterra Limited, creating a combined global agribusiness solutions company focused on food, feed and fuel. The combined organization will leverage complementary global asset footprints and expects benefits from network synergies, vertical integration efficiencies, and improved logistics and trading optimization.

Organigram Holdings Inc. acquired 100% of Motif Labs Ltd. for $90 million upfront consideration ($50 million cash and $40 million in Organigram shares), with up to an additional $10 million in contingent share consideration tied to Organigram’s share price performance. Motif, a leading Canadian cannabis vape and infused pre-roll producer, is headquartered in Aylmer, Ontario, and the transaction is intended to create the Canadian recreational cannabis market share leader.

Mucci Farms announced the acquisition of Hacienda North Farms, a 159-acre greenhouse facility located in Coatsworth, Ontario. The deal expands Mucci Farms’ greenhouse footprint and includes an additional 120-acre land bank to support future expansion while continuing bell pepper cultivation. Mucci Farms is part of the newly launched Cox Farms business.

Curaleaf Holdings, Inc. signed an agreement to acquire Northern Green Canada (NGC), a vertically integrated, EU-GMP certified Canadian licensed medical cannabis producer. The transaction is intended to secure Curaleaf International’s supply of high-THC, non-irradiated flower for Europe—particularly Germany—while supporting expansion into Australasia. The deal is expected to close in the second quarter of 2024, subject to regulatory approvals.

Degelman Industries LP acquired Renn Mill Center Inc. (RMC), a designer and manufacturer of grain processing and grain bag storage systems. The combination brings together two long-standing agricultural equipment manufacturers and is expected to expand product offerings and global reach while keeping RMC’s management team in place.

Croptimistic Technology Inc., a Canadian AgTech company, acquired CropPro Consulting to expand its precision agronomy services and scale its soil mapping software and hardware offering. Concurrently, Croptimistic raised a $9.1 million Series B investment from Forage Capital Partners to increase working capital and fund ongoing research and development.

Cadman Capital Group has acquired Quoddy Savour Seafood Ltd, a land-based seafood farming and processing facility in Pennfield, New Brunswick, Canada. The facility has been used for urchin ranching trials linked to Urchinomics, and Cadman intends to use the acquisition to support restorative aquaculture and kelp forest regeneration across the Bay of Fundy and Canada’s East Coast.

AdeptAg announced the acquisition of Plantech Control Systems and its associated companies, Plantech West and JM Controls and Electric. Plantech, headquartered in Vineland, Ontario, provides integrated control systems and automation solutions for controlled environment agriculture, expanding AdeptAg’s platform and solutions offering for growers.

AdeptAg, a North American provider of controlled environment production solutions, announced the acquisition of Bellpark Horticulture. The deal expands AdeptAg’s product offerings and sales/support capabilities in automated horticulture systems. Bellpark is based in Surrey, British Columbia, Canada, and has operated in horticulture automation solutions for more than 20 years.

Aurora Cannabis Inc., through a wholly owned subsidiary, acquired a 50.1% controlling interest in Bevo Agtech Inc., the parent of Bevo Farms Ltd., from certain existing shareholders for approximately $45 million in cash plus potential earn-outs. Concurrently, Bevo agreed to acquire Aurora’s Aurora Sky facility in Edmonton, Alberta via the acquisition of one of Aurora’s wholly owned subsidiaries, subject to conditions and milestone-based payments.

Instar Asset Management Inc acquired Greenwood Mushrooms Development Corp. from Novacap. Instar’s investment is intended to support Greenwood’s continued expansion of its facilities to meet growing customer demand following significant growth since Novacap’s 2016 investment.

Deveron Corp. entered into a definitive agreement to acquire a 67% equity interest in A&L Canada Laboratories East, Inc., a Canadian soil health and plant tissue testing laboratory based in London, Ontario. The transaction is valued at $50.3 million, payable in cash and Deveron common shares, with an option for Deveron to purchase the remaining 33% after three years. The sellers are certain vendor shareholders, including founder Greg Patterson, who is expected to remain CEO of A&L and join Deveron’s board.

AGCO acquired JCA Industries, Inc., doing business as JCA Technologies, to expand AGCO’s engineering and software development capabilities in precision agriculture. JCA, headquartered in Winnipeg, Manitoba, develops autonomous software, implement controls, and electronic system components used to automate and control agricultural equipment.

GenNx360 Capital Partners entered into a definitive agreement to sell its portfolio company, Salford Group, to Linamar Corporation for CAD $260 million (subject to post-closing adjustments). Salford Group is a manufacturer of tillage and crop nutrition application equipment, and the transaction is expected to close subject to customary closing conditions.

Village Farms International, Inc. acquired a 70% stake in Québec-based ROSE LifeScience, a vertically integrated branded cannabis producer and third-party commercialization, sales, and distribution provider in Québec. The transaction was valued at up to C$46.7 million and was completed via cash and Village Farms common shares, with ROSE management retaining a 30% minority interest and continuing to operate the business from Québec.

DW Healthcare Partners (DWHP) completed an investment in Bio Agri Mix, LP, a Canadian manufacturer and distributor of medicated feed additives and water-soluble livestock medications. Following the transaction, DWHP representatives Andrew Carragher, Eric Moore, and Paul Hays joined Bio Agri Mix executives Robert Bell and founder Paul Lake on the company’s board as the business continues to expand its animal health product portfolio.

HEXO Corp entered into a definitive share purchase agreement to acquire all outstanding shares of the entities carrying on the business of Redecan for $925 million. The consideration will be paid as $400 million in cash and $525 million in HEXO common shares, with Redecan shareholders expected to own about 31% of HEXO post-closing. The deal is expected to close in calendar Q3 2021, subject to regulatory and HEXO shareholder approvals.

HEXO Corp entered into a definitive arrangement agreement to acquire all issued and outstanding common shares of 48North Cannabis Corp. The all-share transaction is valued at approximately $50 million on an enterprise value basis and is expected to generate up to $12 million in annual synergies within one year after closing.

TriWest Capital Partners sold PRT Growing Services Ltd., a commercial-scale containerized forest seedling grower and reforestation logistics provider, to InstarAGF Asset Management Inc. PRT’s management team will continue to lead the business from its headquarters in Victoria, British Columbia. Financial terms were not disclosed.

A management-led group backed by Westcap completed the go-private acquisition of Rocky Mountain Equipment (formerly Rocky Mountain Dealerships Inc.) via an Alberta court-approved plan of arrangement. The acquisition vehicle, 2223890 Alberta Ltd. ("AcquireCo"), acquired the public float for C$7.41 per share (about C$127.9 million in aggregate), after which the parties amalgamated to form Rocky Mountain Equipment Alberta Ltd.

All States Ag Parts, a portfolio company of Kinderhook Industries, acquired Combine World Inc., a Canada-based supplier of new, used, and reconditioned farm and light construction equipment and replacement parts. The deal expands All States Ag Parts’ presence into Western Canada and represents its sixth add-on acquisition.

BC Craft Supply Co. Ltd. acquired a 100% interest in Olympic View Botanicals Ltd., a Vancouver Island, British Columbia-based cannabis cultivation company building an indoor micro cultivation facility and pursuing a Health Canada Micro Cultivation License. The purchase consideration to OVB’s vendors was 15 million BC Craft common shares valued at $0.08 per share (aggregate deemed value of $1.2 million).

FBN Canada, a wholly-owned unit of Farmer's Business Network, Inc. (FBN), acquired Haplotech Inc., a Winnipeg-based provider of seed breeding research and technical consulting services. FBN Canada also purchased Cibus’ Canadian canola breeding program and pipeline, and received a license to sell Cibus’ canola Pod Shatter Reduction trait upon commercialization.

The Flowr Corporation entered into a definitive arrangement agreement to acquire all issued and outstanding shares of Terrace Global Inc. in an all-share transaction valued at approximately $63 million. Terrace Global shareholders will receive 0.4973 Flowr shares per Terrace Global share, implying a price of about $0.22 per share and a 47% premium to Terrace Global’s recent trading price. The deal is expected to close in the fourth quarter of 2020 subject to court, regulatory, and Terrace Global shareholder approvals.

Wheatsheaf Group Limited acquired Ostara Nutrient Recovery Technologies Inc. in an all-cash transaction. The deal is intended to provide capital, expertise, and partner access to help scale Ostara’s nutrient recovery, water treatment, and sustainable fertilizer solutions globally.

G-Mac's AgTeam LP entered into an agreement to merge Cavalier Agrow Ltd. into G-Mac's AgTeam, combining two crop input retailers serving Saskatchewan. As part of the transaction, Cavalier shareholders will receive equity ownership in G-Mac's AgTeam, and Westcap (through Golden Opportunities and Westcap MBO II Investment LP) is supporting the deal with capital to back the combined company’s growth strategy.

Brookfield Asset Management Inc. sold 100% of its interest in Acadian Timber Corp. to Macer Forest Holdings Inc. Following the transaction, Acadian announced board changes, including the appointment of a Macer principal as chairman and additional director appointments.

Wind Point Partners-backed Pestell Group acquired Pro-Ag Products and Verus Animal Nutrition through its Pestell Minerals & Ingredients (PMI) business unit. The deal expands Pestell/PMI’s product portfolio in feed ingredients, feed additives, and animal nutrition products and broadens its geographic footprint further west in Canada. The transaction is described as the first add-on acquisition for Pestell Group’s PMI unit since Wind Point acquired Pestell Group in June 2018.

Richardson International Limited acquired Agland Seed and Chemical Ltd., a retail crop inputs location in La Crete, Alberta, with the transaction closing on February 19, 2019. The acquisition expands Richardson Pioneer’s crop inputs network in Northern Alberta’s Peace River region, and Agland’s employees joined the Richardson Pioneer team upon close.

Golden Opportunities Fund announced a $9.83 million investment in G-Mac's AgTeam Limited Partnership to support the company’s future growth strategy. The equity investment is intended to help complete recent expansion initiatives and accelerate growth while keeping G-Mac's locally owned and managed under CEO Garth MacDonald.

Alltech acquired 100% of the outstanding shares of Masterfeeds, Inc. from Ag Processing Inc (AGP) via a share purchase agreement. Masterfeeds, a leading commercial animal nutrition company in Canada, will continue to be headquartered in London, Ontario and led by its current CEO, Rob Flack.