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Decibel Cannabis Company Inc. completes acquisition of AgMedica Bioscience Ltd. to expand export potential

Oct 28, 2024•12 months ago

Acquiring Company

Decibel Cannabis Company

Acquired Company

AgMedica Bioscience

CalgaryChathamCannabisAgriculture and FarmingManufacturingBiotechnology

Description

Calgary-based Decibel Cannabis Company Inc. has successfully closed the acquisition of AgMedica Bioscience Ltd. The acquisition is expected to significantly enhance Decibel's international footprint and export potential, leveraging AgMedica's EU GMP certification and expanding its product reach to multiple countries. This strategic move reflects Decibel's commitment to profitable growth and international market expansion in the cannabis industry.

Company Information

Company

Decibel Cannabis Company

Location

Calgary, Alberta, Canada

About

Decibel Cannabis Company Inc. is a premium cannabis producer that is consumer-centred, focused on delivering products that delight customers through a commitment to robust innovation and product quality. The company operates a processing and manufacturing facility in Calgary, Alberta, and two cultivation facilities in Creston, British Columbia, and Battleford, Saskatchewan. Leading brands General Admission, Qwest, and Vox are among its portfolio, sold both across Canada and beginning to extend towards new countries to create a global footprint.

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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