Entourage Health Closes Acquisition Of Craft Cultivator Canntx Life Sciences Inc.
Nov 01, 2021•about 4 years ago
Acquiring Company
Entourage Health
Acquired Company
Craft Cultivator
Food And BeverageConsumer GoodsCommunity And Lifestyle
Description
Entourage Health Corp. (formerly WeedMD Inc.) (TSX-V:ENTG) (OTCQX:ETRGF) (FSE:4WE) (“Entourage” or the “Company”), a Canadian producer and distributor of award-winning cannabis products and brands, and renowned craft cultivator CannTx Life Sciences Inc. (“CannTx”), are pleased to confirm the closing of the previously announced acquisition of CannTx by Entourage (the “Acquisition”). Following overwhelming approval from CannTx shareholders, and satisfaction of other closing conditions, the formerly privately owned micro-propagator, which operates out of its licensed production facility in Guelph, Ontario, is now a wholly owned subsidiary of Entourage.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
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Success factor
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