A pioneer and global leader in hemp-based foods, both under its own brand and as an ingredient supplier. The company is the world’s largest vertically-integrated hemp food manufacturer and is strategically located near its supply base in Canada.
Date of Acquisition
“The number one reason we decided to be acquired by Compass is we share a common vision — hemp is a unique, healthy food with nutritional benefits that many people have not yet discovered — and Compass is as passionate about our growth as we are.”
Market share leader in Canada and the U.S.
Passionate and loyal consumer following
Strong management team; thought leaders in the Hemp industry
Vertically-integrated manufacturing model
Unique access to highly regulated supply base
Top-graded senior management level positions
Relocated corporate offices from Winnipeg to Minneapolis to provide access to a robust talent pool for future growth
Completed an add-on acquisition of Hemp Oil Canada ($33m), a leading hemp food ingredient processor, strengthening product and supply position
Invested heavily in sales, marketing, and product R&D
- Expanded points of distribution
- Increased consumer awareness by ~100%
- Launched multiple new products including protein powders, bars, granola, and CBD
In February 2019, CODI completed the 100% sale of Manitoba Harvest to Tilray Inc. for an aggregate sale price of $294 million