1606 Corp. (Otc | Cbdw) Completes Purchase Of 51% Of Cbd Supplier, Brio Nutrition
Mar 06, 2023•almost 3 years ago
Acquiring Company
OTC
Acquired Company
51
Description
1606 Corp (OTC: CBDW), an acquisition-based CBD company, announces the acquisition of Brio Nutrition is complete, adding more than 45 products to the 1606 lineup.
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
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed