Consumer Products Acquisitions in Canada
Canadian Consumer Deals: Where Buyers Focus
Consumer products acquisitions across Canada often cluster around health, wellness, and lifestyle brands—ranging from natural health and nutraceuticals to apparel and outdoor gear. Recent transactions highlight how buyers pursue new channels, product categories, and recognizable brands with proven customer demand.
Across the listed deals, strategic investors and operators look for manufacturing and distribution capabilities, expanded retail or professional channels, and brand-building initiatives. This is especially clear in health and wellness (e.g., Apotex Inc. acquiring CanPrev) and in consumer-ready platforms (e.g., Nexus Capital Management LP (affiliate) acquiring MAV Beauty Brands Inc.).
Geographically, Ontario, British Columbia, Quebec, and Alberta appear repeatedly, reflecting where many of these consumer product platforms operate and where buyers seek to scale presence—whether through production facilities, distribution hubs, or brand expansion plans.
What Stands Out
- Health & wellness is a recurring theme, including natural health brands (Apotex → CanPrev) and supplement platforms (Ladybug Resource Group → Growhouse Nutraceuticals; BRS & Co. → Organika Health Products).
- Cannabis consumer brands also appear, with Organigram Holdings Inc. acquiring Motif Labs Ltd. for extraction and high‑volume vape/IPR manufacturing plus a Southwestern Ontario distribution hub, and SNDL Inc. acquiring Indiva Limited to expand infused edibles.
- Apparel and lifestyle deals focus on adding product lines and brand portfolios (e.g., Lolë Brands → Louis Garneau Sports for cycling and sports apparel; Blacktusk Outdoors → Lucky Strike Bait Works to grow fishing and outdoor consumer offerings).
- Outdoor, home, and personal care targets show buyers emphasizing distribution partnerships, retail expansion, and product innovation (e.g., Banyan Capital Partners → Second Nature Designs; Nexus Capital Management LP (affiliate) → MAV Beauty Brands Inc.).
| Buyer (repeat themes) | Target example | Geography seen |
|---|---|---|
| Consumer health/wellness and nutraceutical platforms | CanPrev; Organika Health Products | Ontario; British Columbia |
| Cannabis operators building branded consumer offerings | Motif Labs Ltd.; Indiva Limited | Ontario |
| Apparel, outdoor, and sports categories | Louis Garneau Sports; Lucky Strike Bait Works | Quebec; Ontario |
| Specialty consumer packaged goods & home categories | Second Nature Designs; MAV Beauty Brands | Ontario |
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August 13, 2025
- Buyer
- Gildan Activewear Inc.
- Target
- HanesBrands Inc.
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Buyout
Gildan Activewear and HanesBrands agreed to merge in a transaction valued at approximately $4.4 billion (including total consideration), with Gildan acquiring HanesBrands. The deal implies $2.2 billion in equity value for HanesBrands and is expected to be completed in late 2025 or early 2026, subject to shareholder and regulatory approvals.
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July 10, 2025
- Buyer
- Blacktusk Outdoors
- Target
- Lucky Strike Bait Works
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Blacktusk Outdoors has acquired Lucky Strike Bait Works, a historic Canadian fishing lure and tackle maker founded in 1929. The deal adds a legacy brand to Blacktusk's growing portfolio of fishing and outdoor consumer brands and intends to keep Lucky Strike's operations in Ontario while investing in product design, distribution and digital capabilities.
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February 3, 2025
- Buyer
- Apotex Inc.
- Target
- CanPrev
- Seller
- Franco Salituro, Tanya Salituro
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Apotex Inc. has acquired CanPrev, a Canadian natural health company known for its CanPrev, Cyto-Matrix, and Orange Naturals brands. The deal brings Apotex into the Canadian health and wellness consumer market, expanding its channels into health food stores, naturopathic/professional channels, grocery retail and strengthening its consumer health product portfolio.
-
December 6, 2024
- Buyer
- Organigram Holdings Inc.
- Target
- Motif Labs Ltd.
- Seller
- Motif Labs Ltd. shareholders
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Organigram Holdings Inc. acquired 100% of Motif Labs Ltd. for $90 million upfront consideration (C$50M cash and C$40M in Organigram common shares) plus up to C$10M contingent share consideration. The acquisition gives Organigram #1 market share in the Canadian recreational cannabis market, adds Motif's extraction and high‑volume vape/IPR manufacturing capabilities and a Southwestern Ontario distribution hub, and is expected to deliver >C$10M of cost synergies over ~24 months.
-
October 21, 2024
- Buyer
- SNDL Inc.
- Target
- Nova Cannabis Inc.
- Industry
- Consumer Products
- Location
- Alberta, Canada
- Type
- Buyout
SNDL Inc. completed the previously announced plan of arrangement under which it acquired all of the remaining issued and outstanding shares of Nova Cannabis Inc. that it did not already own, representing about 34.8% of Nova. Under the deal, Nova shareholders received $1.75 per Nova share in cash, with an option to receive SNDL shares in lieu of cash for up to half of the aggregate consideration.
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October 9, 2024
- Buyer
- Bosideng, Cathay Capital
- Target
- Moose Knuckles
- Seller
- Ayal Twik, Noah Stern
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Growth capital
Moose Knuckles, the Montreal-based luxury outerwear brand, has received a strategic investment from Bosideng alongside majority investor Cathay Capital. Bosideng will join the Cathay Capital-led investor group while Cathay remains the majority shareholder; co‑founders Ayal Twik and Noah Stern are exiting as shareholders. The capital and strategic partnership are intended to accelerate Moose Knuckles' global expansion, with a particular focus on growth in Asia and expanded product and retail initiatives.
-
September 30, 2024
- Buyer
- Fairfax Financial Holdings Limited
- Target
- Peak Achievement Athletics Inc.
- Seller
- Sagard Holdings Inc.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Peak Achievement Athletics announced that certain affiliates of Fairfax Financial Holdings Limited will acquire all equity interests in Peak currently held by Sagard Holdings, giving Fairfax control of the company and its brands including Bauer Hockey, Cascade Lacrosse, and Maverik Lacrosse. The transaction is expected to close in the fourth quarter of 2024.
-
September 15, 2024
- Buyer
- Lolë Brands
- Target
- Louis Garneau Sports
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Buyout
Montreal-based apparel company Lolë Brands has acquired Quebec-founded Louis Garneau Sports, the cycling and sports equipment company behind the Garneau, Sugoi and Sombrio brands. The deal, effective immediately, will broaden Lolë’s product offering in cycling and sports apparel as part of its global expansion; financial terms were not disclosed.
-
- Buyer
- Chin family (Organika management)
- Target
- Organika Health Products, Inc.
- Seller
- BRS & Co.
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Divestiture
BRS & Co., a New York-based private equity firm, sold Organika Health Products, Inc., a Vancouver-based marketer of nutritional supplements, in a management buyout to the founding Chin family. During BRS's ownership Organika expanded product innovation and retail distribution; the transaction returns ownership to the company's founders and management.
-
March 15, 2024
- Buyer
- High Tide Inc.
- Target
- Queen of Bud
- Seller
- Queen of Bud (founder Ashley Newman)
- Industry
- Consumer Products
- Location
- Alberta, Canada
- Type
- Buyout
High Tide Inc. has entered into a definitive agreement to acquire all intellectual property and related assets of the Canadian cannabis brand Queen of Bud for CA$1,000,000 (CA$100,000 cash and the remainder in High Tide common shares). Queen of Bud's founder Ashley Newman will remain involved as Global Brand Ambassador as High Tide integrates the brand into its in-house portfolio to expand its consumer product and ancillary offerings domestically and internationally.
-
- Buyer
- Nexus Capital Management LP (affiliate)
- Target
- MAV Beauty Brands Inc.
- Seller
- MAV Beauty Brands Inc.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
An affiliate of Nexus Capital Management LP has completed the acquisition of substantially all assets of MAV Beauty Brands Inc., a Toronto-based personal care and hair care platform. Nexus said it will partner with CEO Serge Jureidini and the existing management team to pursue a refreshed capital structure, product innovation, expanded retail partnerships and renewed growth.
-
November 15, 2023
- Buyer
- Banyan Capital Partners, Banyan Committed Capital LP
- Target
- Second Nature Designs Limited
- Seller
- Steve Koning, Existing management
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Banyan Capital Partners has acquired Second Nature Designs Limited, a Hamilton, Ontario-based manufacturer and distributor of dried florals and home décor products. Founder and president Steve Koning and the management team will retain a minority ownership as Banyan partners with the company to pursue growth across North America.
-
October 3, 2023
- Buyer
- Ladybug Resource Group, Inc.
- Target
- Growhouse Nutraceuticals Ltd.
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Buyout
Ladybug Resource Group, Inc. (OTC PINK: LBRG) announced the acquisition of Growhouse Nutraceuticals Ltd., a sports nutrition and nutraceutical supplements company. Growhouse reported $2.7 million in revenue for the year ended December 31, 2022 and $2.4 million in revenue growth through July 30, 2023; Ladybug said the acquisition will leverage Growhouse's products, MACH scaling architecture, and customer retention capabilities to drive revenue growth for shareholders.
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September 12, 2023
- Buyer
- Lucy Scientific Discovery Inc.
- Target
- BlueSky Wellness Inc.
- Seller
- BlueSky Wellness shareholders
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Buyout
Lucy Scientific Discovery Inc. (NASDAQ: LSDI) agreed to acquire BlueSky Wellness Inc. in an all-stock transaction that will add a portfolio of plant-based wellness CPG brands (Keoni, Keoni Sport, Blush Wellness, AMMA Healing) and e-commerce capabilities. BlueSky shareholders will receive 3.5 million Lucy shares plus up-to-five-year EBITDA-based earnouts; Lucy expects the combined transactions with its High Times IP acquisition to add at least $30 million in revenue and $10 million of EBITDA in the first 12 months.
-
September 11, 2023
- Buyer
- Krystal Growth Partners
- Target
- Stonz Wear Inc.
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Growth capital
Krystal Growth Partners has made a strategic growth investment in Stonz Wear Inc., the Vancouver-based maker of all-weather children’s footwear and apparel. The capital will support Stonz’s plans to solidify its position in Canada and accelerate expansion into the United States.
-
September 11, 2023
- Buyer
- VitaNatural USA Inc.
- Target
- Vitamin Bounty
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
VitaNatural USA Inc. completed the acquisition of dietary supplement brand Vitamin Bounty. The purchase brings a digitally-native portfolio with retail distribution into VitaNatural's wellness platform, with the combined management team aiming to expand product assortment, marketing and distribution across e-commerce and grocery channels.
-
June 1, 2023
- Buyer
- Lifeist Wellness Inc.
- Target
- 1000501971 Ontario Inc. ("Zest"), Zest Cannabis Inc.
- Seller
- 13735346 Canada Inc., 1000496959 Ontario Ltd., Zest Cannabis Inc.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Lifeist Wellness Inc. acquired 100% of 1000501971 Ontario Inc. (the ‘Zest' brand / Zest Cannabis) for CAD 3,411,707.90 in an all‑stock transaction. The acquisition — completed in July 2023 pursuant to an amended share purchase agreement — adds nine SKUs (vape, infused pre-rolls and flower) to Lifeist's CannMart distribution business to accelerate growth and expand high‑margin product offerings across Canadian provincial channels.
-
April 10, 2023
- Buyer
- Tilray Brands, Inc.
- Target
- HEXO Corp.
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Buyout
Tilray Brands, Inc. will acquire all issued and outstanding common shares of HEXO Corp. under a court-approved plan of arrangement, with HEXO shareholders receiving 0.4352 Tilray shares per HEXO share (implying US$1.25 per HEXO share based on a 60-day VWAP). The deal, announced alongside a waiver and amendment agreement to address HEXO's near-term covenant and liquidity issues, is intended to combine HEXO's cultivation and brand assets with Tilray's larger cannabis and CPG platform.
-
March 28, 2023
- Buyer
- KV Capital, KV Private Equity Fund II
- Target
- Mountain Sports Distribution Inc.
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Buyout
KV Capital (through KV Private Equity Fund II) has completed its first Fund II acquisition, acquiring Mountain Sports Distribution Inc., a Golden, British Columbia-based full-service powersports distributor. KV Capital will support MSD's growth by expanding its brand roster and dealer network across Canada and beyond; financial terms were not disclosed.
-
February 28, 2023
- Buyer
- FitLife Brands, Inc.
- Target
- Mimi's Rock Corp.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
FitLife Brands, Inc. has completed the acquisition of Mimi's Rock Corp. through a statutory plan of arrangement, making Mimi's Rock an indirect wholly owned subsidiary. The transaction expands FitLife's portfolio of dietary supplement and wellness brands and was financed with cash on hand plus proceeds from a $12.5 million term loan.
-
February 16, 2023
- Buyer
- Cincy Brands
- Target
- Sapadilla
- Seller
- The Gorilla Glue Company
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Addon
Cincy Brands, a Cincinnati-based consumer products acquirer, has purchased Sapadilla, an earth-friendly cleaning products brand originally founded in Vancouver, Canada. The Gorilla Glue Company sold the Sapadilla brand but will remain a minority investor; Cincy Brands plans to scale the brand through its ecommerce, retail and supply-chain capabilities as part of its growing portfolio.
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January 17, 2023
- Buyer
- SNDL Inc.
- Target
- The Valens Company Inc.
- Seller
- Valens Shareholders
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Buyout
SNDL Inc. completed the previously disclosed acquisition of The Valens Company Inc. in an all‑stock transaction valued at approximately CAD 138 million (plus assumption of a CAD 60 million term loan), issuing ~27.6 million SNDL shares to former Valens shareholders. The deal brings Valens' extraction, processing, manufacturing and lab capabilities into SNDL's vertically integrated cannabis platform and is expected to deliver cost synergies and expand SNDL's branded product offering and low‑cost manufacturing capacity.
-
November 22, 2022
- Buyer
- Spin Master Corp.
- Target
- 4D Brands International Inc. (4D Puzzles)
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Spin Master Corp. has agreed to acquire Canadian puzzle maker 4D Brands International Inc., adding the company's premium 3D puzzle and model construction kits and licensed collectibles to Spin Master's puzzles and games portfolio. The deal — expected to close January 2023 — will see 4D founder Shaun Sakdinan join Spin Master as Senior Director of Design in Toronto, Ontario.
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October 28, 2022
- Buyer
- Kids2, LLC
- Target
- Baby Dream Company Inc.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Kids2, LLC acquired the assets of Baby Dream Company Inc., adding the Baby Dream Machine to its Ingenuity brand portfolio. The acquisition brings the DTC-born sleep device into Kids2's global distribution network to broaden product offerings in infant sleep and soothing solutions.
-
- Buyer
- Ironbridge Equity Partners, Kore management
- Target
- Kore Outdoor Inc.
- Seller
- Fulcrum Capital Partners
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Buyout
Ironbridge Equity Partners, together with Kore's management team, has acquired a controlling interest in Kore Outdoor Inc. from Fulcrum Capital Partners. Kore Outdoor, headquartered in Montreal, Quebec, is a global manufacturer and distributor of paintballs and paintball-related products; Ironbridge says the investment will support the company's growth and product innovation.
-
- Buyer
- Ignite International Brands, Ltd.
- Target
- Ignite International Brands, Ltd.
- Industry
- Consumer Products
- Location
- Canada
- Type
- Recapitalization
Ignite International Brands, Ltd. announced its board-approved proposed going-private transaction through consolidating its outstanding subordinate voting shares on a 1-for-100,000 basis. Subject to shareholder and regulatory approvals, existing shareholders will be cashed out at Cdn $0.62 per cancelled share, and Ignite plans to delist from the Canadian Securities Exchange and cease reporting as a reporting issuer.
-
March 8, 2022
- Buyer
- Strategic Retail Partners, Aurora Capital Partners
- Target
- Distributions Franco
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Addon
Strategic Retail Partners (SRP), a portfolio company of Aurora Capital Partners, acquired Quebec-based Distributions Franco, a distributor of electronics, eyewear, toys, jewelry and clothing for convenience stores and service stations. The deal, which closed February 28, 2022, expands SRP’s product portfolio and strengthens its presence in the Quebec and broader Canadian convenience-store channels.
-
February 17, 2022
- Buyer
- ONCAP, Onex Corporation
- Target
- Merrithew International Inc.
- Seller
- Lindsay Merrithew, Moira Merrithew
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
ONCAP, the mid-market private equity platform of Onex, has purchased a majority stake in Merrithew International Inc., the Toronto-based developer, manufacturer and retailer of Pilates equipment, accessories, content and education. The investment (from ONCAP IV) was made in partnership with Merrithew founders Lindsay and Moira Merrithew to support the company's continued global growth and expansion through organic initiatives and acquisitions; terms were not disclosed.
-
February 15, 2022
- Buyer
- TruArc Partners
- Target
- New Directions Aromatics
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
TruArc Partners, a U.S.-based middle-market private equity firm, has made a strategic investment in New Directions Aromatics, a Toronto-area supplier of natural and organic raw materials to the cosmetics, health & beauty and personal care markets. The partnership will provide capital and operating support to expand capabilities, pursue add-on acquisitions, and accelerate growth; TruArc operating partners Don Sturdivant and John Schweig will join New Directions' board as co-chairmen.
-
February 14, 2022
- Buyer
- PFM Capital Inc., Apex III Investment Fund Limited Partnership, SaskWorks Venture Fund Inc., Roynat Equity Partners
- Target
- GHC Systems Inc. (Surface Hair)
- Industry
- Consumer Products
- Location
- Saskatchewan, Canada
- Type
- Growth capital
PFM Capital Inc., on behalf of the Apex III Investment Fund and SaskWorks Venture Fund, together with Roynat Equity Partners invested in GHC Systems Inc. (doing business as Surface Hair) to support the brand’s growth and expansion. The capital will be used to accelerate product innovation, increase brand awareness, and support Surface’s salon-focused distribution and education initiatives.
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February 3, 2022
- Buyer
- AS Beauty
- Target
- Cover FX
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
AS Beauty, a New York–based beauty company, has acquired Cover FX, the Toronto-founded cosmetics and skincare brand created by Lee Graff. The acquisition expands AS Beauty’s digital-first, direct-to-consumer portfolio (its fourth since 2019) and is expected to meaningfully grow the parent company’s size and revenue.
-
- Buyer
- RAF Industries
- Target
- Hayabusa Fightwear, Inc.
- Seller
- Carmelina Capital Partners
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Carmelina Capital Partners has completed the sale of Hayabusa Fightwear, Inc., a Kingston, Ontario-based developer and manufacturer of combat sports equipment and apparel, to RAF Industries. Carmelina had invested in Hayabusa in 2016 and supported growth through DTC expansion and product innovation; Vermillion Capital served as exclusive financial advisor and Stikeman Elliott as legal counsel to Hayabusa.
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December 21, 2021
- Buyer
- Organigram Holdings Inc.
- Target
- Laurentian Organic Inc.
- Seller
- Eric Brosseau, Mathieu Lahaie, Eric Verdier
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Buyout
Organigram Holdings Inc. acquired all of the issued and outstanding shares of Laurentian Organic Inc. in a cash-and-share transaction with aggregate upfront consideration of CAD 36 million plus potential earnouts. The acquisition brings the Tremblant Cannabis and Laurentian craft brands into Organigram’s portfolio, strengthens its presence in Quebec, and expands its premium/hash product offering to accelerate revenue and EBITDA growth.
-
- Buyer
- Sport Maska Inc.
- Target
- Tournament Sports Marketing Inc.
- Seller
- Tournament Sports Marketing Inc., Kim Bauer
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Sport Maska Inc., owner of the CCM Hockey brand, acquired Tournament Sports Marketing Inc., the owner of Jackson Ultima and Atom skates. The acquisition expands Sport Maska's product portfolio into figure and roller/inline skates and aims to grow the company's presence across on- and off-ice skating markets.
-
November 15, 2021
- Buyer
- Private Investor
- Target
- RJS Trading International (dba Alamode Home)
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Buyout
Generational Equity advised RJS Trading International, Ltd. (dba Alamode Home), a Richmond, British Columbia-based home textile wholesaler, on its sale to a private investor. The transaction closed on November 15, 2021, transferring ownership of the company that sells bedding, bath and window goods primarily through wholesale distributors.
-
November 12, 2021
- Buyer
- Stride Consumer Partners
- Target
- Skinfix
- Industry
- Consumer Products
- Location
- Nova Scotia, Canada
- Type
- Growth capital
Halifax-based skincare brand Skinfix has received a minority growth investment from private-equity firm Stride Consumer Partners. The capital will be used to scale Skinfix's direct-to-consumer business, expand retail distribution (including Sephora and a planned Australia entry), invest in product innovation and clinical studies, and build out the company's leadership team.
-
August 25, 2021
- Buyer
- TZP Group, TZP Capital Partners III, L.P.
- Target
- SAXX Underwear Co. Ltd.
- Seller
- Brentwood Associates
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Buyout
SAXX Underwear Co. Ltd., the Vancouver-based men's premium underwear brand, received a strategic investment from TZP Group through TZP Capital Partners III, L.P., with Brentwood Associates exiting and NLS Group Holdings retaining a significant minority interest. TZP will partner with SAXX to accelerate omnichannel growth, expand the brand geographically (particularly in the United States and Europe), and pursue new product categories and retail distribution opportunities. Terms were not disclosed.
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July 26, 2021
- Buyer
- Minerals Technologies Inc.
- Target
- Normerica Inc.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Minerals Technologies Inc. (MTI) has acquired Normerica Inc., a Toronto-based producer of branded and private-label pet care products, including bentonite-based cat litter. The transaction expands MTI’s North American cat litter manufacturing footprint and strengthens its global pet care platform; Normerica generated about $140 million in 2020 and employed ~320 people.
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June 15, 2021
- Buyer
- Aritzia
- Target
- Reigning Champ
- Industry
- Consumer Products
- Location
- British Columbia, Canada
- Type
- Buyout
Aritzia has agreed to acquire a 75% stake in Vancouver-based premium athletic wear brand Reigning Champ for approximately $63 million USD, with the remaining 25% of equity to be converted into Aritzia shares in installments through 2024–2026. The deal accelerates Aritzia's expansion into men's apparel and will leverage Aritzia's direct-to-consumer platform, boutiques and operational infrastructure to grow Reigning Champ's brand and distribution.
-
- Buyer
- HEXO Corp
- Target
- Redecan
- Seller
- Redecan shareholders (including co-founders Pete Montour, Will Montour and Richard Redekop)
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
HEXO Corp agreed to acquire all outstanding shares of Redecan for a total purchase price of $925 million payable in cash and HEXO common shares. The deal combines HEXO's national footprint and international reach with Redecan's efficient greenhouse production, strong pre-roll technology and leading market share in key Canadian provinces to create a market leader in Canadian adult-use cannabis.
-
May 17, 2021
- Buyer
- HEXO Corp.
- Target
- 48North Cannabis Corp.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
HEXO Corp. agreed to acquire all outstanding common shares of 48North Cannabis Corp. in an all‑share plan of arrangement valued at approximately $50 million on an enterprise value basis. The deal is intended to strengthen HEXO’s position in the Canadian adult‑use market, diversify its product portfolio (including topicals and other CPG formats) and realize up to ~$12 million of annual synergies within one year of closing.
-
- Buyer
- Tilray, Inc.
- Target
- Aphria Inc.
- Seller
- Aphria shareholders
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Tilray and Aphria completed their previously announced business combination, with Aphria shareholders receiving 0.8381 Tilray shares for each Aphria common share. The combined company will operate as Tilray, creating a global cannabis consumer packaged goods leader with expanded geographic footprint, product portfolio and targeted annual pre-tax cost synergies of approximately US$81 million.
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April 28, 2021
- Buyer
- Evriholder Products, LLC, Edgewater Growth Capital Partners IV
- Target
- Murray Sales Inc.
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Addon
Evriholder Products, a portfolio company of Edgewater Growth Capital Partners IV, has acquired Murray Sales Inc. (MSC), the designer and distributor of Joie-branded impulse and kitchenware products. The add-on expands Evriholder’s product portfolio and global retail/e‑commerce distribution, with the entire Murray Sales team joining Evriholder and retaining equity in the combined platform.
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April 8, 2021
- Buyer
- Canopy Growth Corporation
- Target
- The Supreme Cannabis Company, Inc.
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Canopy Growth Corporation agreed to acquire all outstanding shares of The Supreme Cannabis Company in an all‑share arrangement valuing the transaction at approximately C$435 million on a fully diluted basis. The deal adds Supreme’s premium brands (including 7ACRES) and a scalable Kincardine cultivation facility to Canopy’s portfolio, strengthening Canopy’s Canadian market position and providing operational and brand synergies.
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April 1, 2021
- Buyer
- Canopy Growth Corporation
- Target
- AV Cannabis Inc. (Ace Valley)
- Seller
- Mike Wagman, Jesse Dallal
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Canopy Growth Corporation has completed the acquisition of AV Cannabis Inc. (Ace Valley), buying 100% of the Ontario-based cannabis brand to expand its portfolio of ready-to-enjoy products. Canopy plans to leverage its national sales, marketing and distribution capabilities to scale Ace Valley across Canada and optimize production to drive growth and margins.
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March 1, 2021
- Buyer
- Dig It Apparel Inc.
- Target
- Suncayr
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Buyout
Dig It Apparel Inc., led by Claudia Harvey, has acquired Suncayr, the inventor of the SPOTMYUV sunscreen-sensing sticker technology. The acquisition brings SPOTMYUV's Dermatrue UV-sensing technology into Dig It's consumer product portfolio to accelerate distribution across retail, dermatology and white-label channels.
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January 12, 2021
- Buyer
- General Atlantic, Encore Consumer Capital
- Target
- Open Farm
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Type
- Growth capital
Toronto-based pet food brand Open Farm raised a $65MM+ minority growth investment led by growth equity firm General Atlantic, with existing minority partner Encore Consumer Capital associated with the company. The funding will be used to accelerate brand expansion, broaden retail and e-commerce distribution, and support product innovation and sustainability initiatives.
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October 19, 2020
- Buyer
- The Flowr Corporation
- Target
- Terrace Global Inc.
- Seller
- Terrace Global Inc., Terrace Global shareholders
- Industry
- Consumer Products
- Location
- Canada
- Type
- Buyout
The Flowr Corporation (TSXV: FLWR) will acquire all outstanding common shares of Terrace Global Inc. (TSXV: TRCE) in a court‑approved plan of arrangement in a share‑based transaction valuing Terrace at approximately $63 million. The deal (0.4973 Flowr shares per Terrace share, implied $0.22 per Terrace share) is intended to strengthen Flowr's international presence and create a vertically integrated cannabis platform with enhanced liquidity and reduced indebtedness.
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September 4, 2020
- Buyer
- BevCanna Enterprises Inc.
- Target
- Naturally Pure Therapy Products Corp.
- Seller
- Shareholders of Naturally Pure Therapy Products Corp.
- Industry
- Consumer Products
- Location
- Canada
- Type
- Buyout
BevCanna Enterprises Inc. entered into a share exchange agreement to acquire Naturally Pure Therapy Products Corp., a direct-to-consumer e-commerce retailer of natural health, nutraceutical and hemp-based CBD products. BevCanna will issue 30,000,000 common shares (deemed $0.20 per share; total deemed consideration C$6,000,000) in exchange for all issued and outstanding securities of Pure Therapy, providing BevCanna with an established e-commerce platform, ~22,000 customers and recurring subscription revenue to support launch and expansion of hemp-based CBD beverages into North America and Western Europe.
-
- Buyer
- Spencer Supports Canada Ltd., Champlain Financial Corporation
- Target
- Domestic Converters Inc.
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Type
- Addon
Spencer Supports Canada Ltd., a portfolio company of Champlain Financial Corporation, has acquired Domestic Converters Inc. (DC), a Montreal-based seamless apparel manufacturer selling under the Climawear brand and private labels to Canadian and US retailers. The add-on transaction strengthens Spencer's position in intimate apparel, brings seamless manufacturing expertise and eco-friendly fabrics, and diversifies its North American customer base.
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Frequently Asked Questions
What consumer subsectors show up most often in these Canadian acquisitions?
Natural health, nutraceuticals, and broader wellness products appear alongside cannabis consumer brands, plus apparel, outdoor/lifestyle, and personal care/home categories.
Which Canadian provinces are most frequently represented in the deal locations?
The listed deals reference British Columbia, Ontario, Quebec, and Alberta as recent locations.
Are the acquisitions focused on brands only, or do they include manufacturing and distribution capabilities?
They often include operational capabilities. For example, Organigram Holdings Inc. highlights extraction and high‑volume vape/IPR manufacturing plus a distribution hub, and SNDL Inc. adds production capacity and an edibles brand portfolio.
Do these transactions typically include strategic partnership or integration plans after closing?
Yes. Multiple deals describe plans to invest in product design, distribution, retail partnerships, digital capabilities, and brand expansion after acquisition (for example, Blacktusk Outdoors, Apotex, and High Tide).