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

Jul 2015

Purchase Price


Years Held


Sale Price


“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.”

Mike Fata

Co-Founder, Manitoba Harvest

Investment Highlights

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

Value Creation

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