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For more information please contact:
Investment Banking
Paul Zaffaroni
Managing Director &
Co-Head of Consumer
Investment Banking
(949) 720-7174
pzaffaroni@roth.com
Russ Nudelman
Managing Director
(310) 445-5872
rnudelman@roth.com
Greg Giebel
Managing Director
(949) 720-5701
ggiebel@roth.com
Jacob Frank
Director
(949) 720-7135
jfrank@roth.com
Ford Hanour
Associate
(949) 720-7141
fhanour@roth.com
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Transaction Information
JustCBD, a market leader in the consumable cannabinoid market, has been acquired by Flora Growth Corp. (Flora), a leading all-outdoor cultivator and manufacturer of global cannabis products and brands. The acquisition is expected to strengthen Flora’s foothold in the U.S. wellness market, provide meaningful growth acceleration and deliver human capital to the Flora organization. Additionally, there is significant opportunity to leverage Flora’s economically-advantaged cultivation to support the expansion of the JustCBD brand in the global market.
A press release with more information was issued by Flora and can be accessed here.
Roth served as exclusive financial advisor to JustCBD on the transaction.
About JustCBD
Founded in 2017, JustCBD has quickly grown to be a market leader in the consumable cannabinoid market. The JustCBD operations consist of a manufacturing facility and distribution center located in Fort Lauderdale, Florida. The products under the brand portfolio include assorted gummies, tinctures, vape cartridges, creams, among many others. As part of its commitment to product quality, JustCBD also offers third-party testing for all products on its website and offers consumers a 30-day satisfaction guarantee. For more information, please visit www.JustCBDstore.com. (Source: Company | 2.28.22)
About Flora Growth Corp.
Flora is building a connected, design-led collective of plant-based wellness and lifestyle brands that is designed to deliver one of the most compelling customer experiences in the world, one community at a time. As the operator of one of the largest outdoor cannabis cultivation facilities, Flora leverages natural, cost-effective cultivation practices to supply cannabis derivatives to its diverse business divisions of cosmetics, hemp textiles, and food and beverage. For more information, please visit www.FloraGrowth.com. (Source: Company | 2.28.22)
About Roth Capital Partners
Roth Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, Roth provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, Roth is privately-held and employee owned, and maintains offices throughout the U.S. For more information on Roth, please visit www.roth.com.
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Date of Announcement: 3.10.22
The material, information and facts discussed in this announcement other than the information regarding Roth Capital Partners, LLC ("Roth") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of Roth. Copyright 2022.
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