Deal Snapshot
ABACUS HEALTH ACQUIRES HARMONY HEMP FOR USD 5.5M
Thursday 13 February 2020

Rhode Island, US-based CBD-infused topical medications provider Abacus Health Products, Inc. (CSE: ABCS) (OTCQX: ABAHF) has acquired the principal assets of companies owning the Harmony Hemp brand, with CBD-infused personal care products, for USD 5.5m, the company said.
The 5.5m consideration is payable in cash and subordinate voting shares of Abacus over a 24-month period in accordance with the terms of the acquisition agreement entered into on February 10, 2020.


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Details
Date Published: 13/02/2020
Target: Harmony Hemp
Country: USA
Deal Size: 5.5m (USD)
Sector: Consumer Products
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Vendor:
Buyer: Abacus Health Products
Comment:


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