July 2015
Acquisition date
$103M
Purchase price
Minneapolis, MN
Headquarters
February 2019
Divesture Date
$294M
Sale price
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About Manitoba Harvest
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.
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
How We Work: We seek companies with purpose and staying power—businesses that dominate their space and are built to endure.
CODI Corner
