Simply Better Brands Corp. Announces Execution Of Non-Binding Term Sheet To Acquire Cfh Limited, A Seed-To-Shelf Cbd Manufacturer, To Support Accelerated Growth
Apr 27, 2022•over 3 years ago
Acquiring Company
Simply Better Brands
Acquired Company
CFH Limited
VancouverE CommerceHealth CareDescription
Simply Better Brands Corp. ("SBBC" or the "Company") (TSX Venture: SBBC) (OTCQB: PKANF) is pleased to announce it has entered into a non-binding letter of intent (“LOI”) signed April 25, 2021, to acquire CFH Limited (“CFH”), a seed-to-shelf CBD manufacturer. CFH is a vertically integrated with hemp fields, research & development, extraction and manufacturing with both a branded and white-label portfolio.
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