Manitoba Harvest

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.

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