Village Farms Acquires CBD-Platform Balanced Health Botanicals For $75M

  • Village Farms International Inc VFF has acquired Balanced Health Botanicals, a Colorado-based Cannabidiol (CBD)-platform, for $75 million. The purchase price consists of $30 million cash and $45 million in stock.
  • Village Farms anticipates the deal to allow it to enter the US CBD market adjacent to the high-THC cannabis market and the broader consumer packaged goods (CPG) wellness arena.
  • Village Farms expects the acquisition to be immediately accretive to net income and contribute annualized sales of more than $30 million at an annualized adjusted EBITDA margin of over 15% in 2022.
  • Balanced Health has a range of CBD products, including ingestible, edible, and topical applications distributed via e-commerce and brick-and-mortar retail channels.
  • "As a well-established, profitable leader in the US retail CBD market, Balanced Health is the right opportunity, at the right time, to take our next major step forward in anticipation of regulatory clarity that will propel the growth of this nascent market," said CEO Michael DeGiglio.
  • Village Farms held $123.2 million in cash and cash equivalents as of June 30, 2021.
  • Price Action: VFF shares are trading lower by 0.11% at $8.88 on the last check Monday.

Posted In: BriefsCannabisM&ANewsSmall CapMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.