Pommies Cider Co.

Valens GroWorks Inc. has acquired Southern Cliff Brands Inc. (d/b/a Pommies Cider Co.)

Industry:

Food and Beverage

Valens GroWorks Inc. has acquired Southern Cliff Brands Inc. (d/b/a Pommies Cider Co.) MNP Corporate Finance Inc. acted as exclusive financial advisor to Pommies Cider Co. in structuring and negotiating this transaction.

Transaction Brief

Valens has acquired all of the issued and outstanding shares of Pommies Cider Co., a leading Ontario-based beverage company and mature micro-processing license applicant under the Cannabis Act.

The acquisition accelerates Valens’ commercial-scale entry into the high-growth beverages and edibles market in Canada and also adds additional white label product offerings to address the continued acceleration of demand for the company’s products and services. The acquisition provides Valens a platform processing location within one hour drive of downtown Toronto, Ontario, to compliment their existing Kelowna, B.C. facility.

Beverage industry veterans Nick Sutcliffe and Lindsay Sutcliffe will remain with the company to be key contributors to the company’s beverage strategy.  Having founded Ontario's second craft cidery, Nick and Lindsay are experienced in advancing new categories of beverages to regulated markets.