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Praetorian Announces Agreement To Acquire Oni Seed Co.

Mar 15, 2022over 3 years ago

Acquiring Company

Praetorian

Acquired Company

Oni

AustinSan DiegoFood And BeverageMobileHealth Care

Description

Praetorian Global, Inc. ("Praetorian"), brand owner and leading intellectual property provider to the global cannabis and hemp industry, today announced it has entered into a definitive agreement to acquire all the intellectual property "IP" assets of Oni Seed Co. ("Oni"). The asset acquisition will add the intellectual property portfolio behind the world-renowned and award-winning Oni brand and product offerings and pipeline to Praetorian's already burgeoning stable of cannabis and hemp intellectual property, including the award-winning Binske cannabis brand.

Company Information

Company

Praetorian

Location

Austin, Texas, United States

About

Praetorian Global, Inc., is a leading brand owner and intellectual property provider to the global cannabis and hemp industry. Praetorian creates and develops unique portfolios of cannabis, hemp and lifestyle-related intellectual property, including specialized product formulations, proprietary cultivars, cultivation and production methodologies, and differentiated cultivation and production techniques leading to award-winning premium consumer cannabis and hemp products. Praetorian provides access to its intellectual property primarily through licensing deals with partners, enabling those partners to bring Praetorian's and their own brands and products to market in each applicable territory. Praetorian's premier brand, Binske, has pioneered the premium market through its meticulous focus on standards, quality and consistency. Lauded for its proprietary strains, craft ingredients, and best-in-class packaging, Binske offers luxury, artisan-quality products using purposefully sourced ingredients that have earned multiple awards, including Leafly's Best Edibles, Best Concentrates and Best Overall Company. Binske products, which include flower, concentrates and edibles, are currently available in California, Florida, Nevada, Colorado, Washington and Michigan, with plans to launch in additional markets in 2022. Binske is a registered trademark of Praetorian Global. Visit www.binske.com for more information.

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

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