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Toketext Acquires Goodtimes Ltd’S Boozer And Super Platforms

Dec 27, 2021•over 3 years ago

Acquiring Company

TokeText

Acquired Company

Boozer

OtherAppsHealth CareInternet ServicesCommunity And LifestyleCommerce And Shopping

Description

Weedbox Inc. (“TokeText”), an Ontario-based cannabis technology company, today announced the acquisition of Goodtimes Ltd (“Goodtimes”), the parent company to Canada’s first multi-retailer ecommerce platforms for on-demand adult-use cannabis (Super Anytime) and alcohol (Boozer Delivery).

Company Information

Company

TokeText

About

TokeText is an Ontario-based cannabis technology company. Through its proprietary SMS based instant-purchase e-commerce platform, TokeText helps their retail customers increase revenue, grow their reach, and turn customers into loyal shoppers. TokeText has built an unmatched level of reach through its frictionless cannabis shopping experience and proprietary media channels. Learn more at https://toketext.com. For more information: MEDIA RELATIONS Jeremy Potvin 416-841-7664 CEO, Founder

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