Recent Pharmaceuticals Acquisitions in Rhode Island
Acquisition Volume in Pharmaceuticals in Rhode Island by Year
Last 5 years
Actual
Full-year estimate
-
June 11, 2020
- Buyer
- Charlotte's Web Holdings, Inc.
- Target
- Abacus Health Products, Inc.
- Seller
- Abacus Health Products shareholders
- Industry
- Pharmaceuticals
- Location
- Rhode Island, United States
- Type
- Buyout
Charlotte's Web Holdings, Inc. completed a plan of arrangement to acquire all outstanding shares of Abacus Health Products, bringing Abacus brands (CBD MEDIC, Harmony Hemp and CBD CLINIC) into Charlotte's Web and expanding the combined company's distribution to more than 21,000 retail doors. The transaction was an all-stock exchange (0.85 Charlotte's Web share per Abacus share) that creates cross-selling opportunities between Charlotte's Web's ingestible CBD products and Abacus's OTC topical medications and professional practitioner lines.
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