8 Acquisitions of Companies in Vancouver

January 15, 2023
Acquisitions Hub

M&A activity has seen a steady increase across the globe over the past decade, especially in Vancouver. Startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 8 acquisitions that took place in Vancouver .

Daily Hive acquired by ZoomerMedia

Details about the transaction:

Acquisition amount:

$16,399,999

Announcement:

12 September 2022

Details about the company:

Daily Hive, a 2008-founded online news outlet, produces intriguing, hyperlocal content in seven North American locations.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

News, Publishing

Details about the buyer:

A print and internet media firm called ZoomerMedia targets persons 45 and older with its content.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Motion Metrics acquired by The Weir Group

Details about the transaction:

Acquisition amount:

$89,000,000

Announcement:

5 November 2021

Details about the company:

Artificial intelligence is used by Canadian mining technology business Motion Metrics to increase energy and safety in mines.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Artificial Intelligence, Mining, Mining Technology, Natural Resources

Details about the buyer:

One of the top engineering companies in the world is called The Weir Group.

Headquarter:

Glasgow, Glasgow City, United Kingdom

Where to find them:

Mindleap acquired by PanGenomic Health

Details about the transaction:

Acquisition amount:

$3,042,172

Announcement:

1 September 2022

Details about the company:

The first app in the world to combine inner wellness, virtual health, and psychedelic treatments is called Mindleap.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Health Care, Personal Health

Details about the buyer:

Services for mental health are offered through PanGenomic Health.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Next Green Wave acquired by Planet 13 Holdings

Details about the transaction:

Acquisition amount:

$70,419,810

Announcement:

21 December 2021

Details about the company:

A premium seed to consumer premium medical and recreational cannabis enterprise, Next Green Wave is vertically integrated.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Cannabis

Details about the buyer:

Planet 13 is a multi-use entertainment and cannabis dispensary facility that offers interactive entertainment and cannabis goods.

Headquarter:

Las Vegas, Nevada, United States

Where to find them:

Norzinc acquired by Resource Capital Funds

Details about the transaction:

Acquisition amount:

$12,721,703

Announcement:

5 October 2022

Details about the company:

The ethical and sustainable exploitation of mineral resources across Canada is a priority for NorZinc Ltd. ("NZC").

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Mineral, Precious Metals

Details about the buyer:

Private equity firm Resource Capital Funds specializes in the mining industry.

Headquarter:

Denver, Colorado, United States

Where to find them:

Calvert acquired by Western Forest Products

Details about the transaction:

Acquisition amount:

$14,500,000

Announcement:

19 July 2022

Details about the company:

Glulam and heavy timber trusses of the curved and arched kind are manufactured and fabricated by Calvert.

Headquarter:

Vancouver, Washington, United States

Where to find them:

Industry:

Building Material, Manufacturing, Wood Processing

Details about the buyer:

A firm that sells forest products is Western Forest Products.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Franchise Global Health acquired by Flora Growth

Details about the transaction:

Acquisition amount:

$29,200,704

Announcement:

24 October 2022

Details about the company:

Franchise Global Health Inc. ("FGH") is a multinational company that operates in the medicinal cannabis industry through its subsidiaries.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Cannabis, Medical

Details about the buyer:

The cannabis business Flora Growth uses organic farming techniques.

Headquarter:

Toronto, Ontario, Canada

Where to find them:

Shape acquired by Alpha Metaverse Technologies Inc

Details about the transaction:

Acquisition amount:

$1,000,000

Announcement:

24 January 2022

Details about the company:

For the retail and e-commerce industries, Shape offers 3D creation, consultancy, marketing, augmented reality, and app development services.

Headquarter:

Vancouver, British Columbia, Canada

Where to find them:

Industry:

Consulting, E-Commerce, Information Technology, Internet, Product Design

Details about the buyer:

Mobile, SaaS, Social Network, and Skill-Based Gaming Platform

Headquarter:

Vancouver, British Columbia, Canada

Where to find them: