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
$103M
Years Held
3.5
Sale Price
$294M
“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.”
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
Divestiture
In February 2019, CODI completed the 100% sale of Manitoba Harvest to Tilray Inc. for an aggregate sale price of $294 million