logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Palmer Jane To Acquire Cannabis Vape Lifestyle Brand Lucidmood

Jan 31, 2022•almost 4 years ago

Acquiring Company

Palmer Jane

Acquired Company

LucidMood

Food And BeverageOtherCommunity And LifestyleCommerce And ShoppingFood And BeverageConsumer GoodsScience And EngineeringMobileSoftware

Description

Palmer Jane, Inc. and Chooze Corp today announced that Palmer Jane has acquired the cannabis brand LucidMood.

Company Information

Company

Palmer Jane

About

Palmer Jane is a women-owned business founded on the auspices of empowering adults to live their brightest and happiest lives. Palmer Jane is a conglomerate of select effects and lifestyle cannabis and hemp brands that provides a marketing engine and marketplace platform for each of its products. Palmer Jane is headquartered in Loveland, CO with a satellite office in Vail, CO. For press inquiries and distribution requests, please contact support@palmerjane.com. SOURCE Palmer Jane

M&A Insights

Based on deal data
Integration 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