Acquiring Company
Steep Hill Mississippi
Acquired Company
Alchemy Analytics
MississippiMississippiBiotechnologyCannabisBiotechnologyCannabisDescription
Steep Hill Mississippi and Alchemy Analytics are merging to create Southern Precision Analytics, the only cannabis testing lab in Mississippi. This merger comes as both labs sought operational scale to remain viable in the state's medical cannabis market. Allen Whitt will serve as the CEO of the newly formed organization. The consolidation aims to streamline back-office functions while maintaining client relationships and testing standards.
M&A Insights
Based on deal dataFrequently asked
Who acquired Alchemy Analytics?
Alchemy Analytics was acquired by Steep Hill Mississippi, based in Mississippi. The deal was reported on August 7, 2026. Steep Hill Mississippi is the state's first and largest cannabis testing laboratory. It specializes in testing cannabis products for potency and safety. Steep Hill Mississippi is privately held and operates in Biotechnology.
When did Steep Hill Mississippi acquire Alchemy Analytics?
Steep Hill Mississippi's acquisition of Alchemy Analytics was reported on August 7, 2026. Steep Hill Mississippi and Alchemy Analytics are merging to create Southern Precision Analytics, the only cannabis testing lab in Mississippi. This merger comes as both labs sought operational scale to remain viable in the state's medical cannabis market. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Alchemy Analytics do?
Alchemy Analytics is the only other cannabis testing laboratory operating in Mississippi. It focuses on providing comprehensive testing services for the medical cannabis industry. It is privately held, operating in Biotechnology, and is based in Mississippi.