Gerald Edelman is delighted to announce that its Deal Advisory team has advised the shareholders of Taylor Mammon, leading turnkey CBD formulator and product distributor, on the sale to U.S. CBD pioneer, Gencanna. Pricing and other deal terms have not been disclosed.
Taylor Mammon is a white label manufacturer and brand distributor of CBD-infused goods in the UK. Based in the U.S., GenCanna is a vertically integrated pioneer-producer of premium hemp-derived CBD and other cannabinoids in both bulk supply as well as in high-quality finished goods formulations.
The move culminates the evolution of a successful three-year relationship, in which GenCanna served, and will continue to serve, as Taylor Mammon’s primary source of CBD and other cannabinoids for infusion into brand products.
The acquisition comes on the heels of an 18-month initiative at Taylor Mammon to prepare for Novel Foods Application, a process GenCanna had been following and supporting along the way. The union with GenCanna has not only fast-tracked that compliance milestone, but now narrows the borders between the US and the UK, positioning Taylor Mammon as a full-service, vertically integrated, worldwide CBD gateway.
Nathan Wogman, Co-Founder and Managing Director of Taylor Mammon, commented:
“We are delighted with the opportunity this acquisition affords us. GenCanna’s acquisition of Taylor Mammon positions us for significant international growth and to be a global leader in the CBD arena. Our partnership provides us with the financial and intellectual capital and discipline to accelerate our growth through product innovation, contract manufacturing, fulfilment, and distribution services.
We have used Gerald Edelman as our advisors since inception of the Company, and so had no doubt that their Deal Advisory team would provide value throughout the deal, but did not appreciate just how valuable having the experienced team guiding us through the complexities of the deal would be. We truly couldn’t have done this without them and really thank them for their help and exceptional advice. We would recommend the team to anyone thinking of selling their business!”
Nick Wallis, Partner in Gerald Edelman’s Deal Advisory team, commented:
“It has been a real pleasure to work with the Taylor Mammon team throughout this milestone transaction. We are delighted that our extensive experience of doing cross border deals in the lower mid-market has been instrumental in assisting the team to achieve an excellent deal. We have no doubt that Taylor Mammon will continue to flourish under the GenCanna group and wish both parties all the best for the future.”
Gerald Edelman’s Deal Advisory team works with businesses looking to sell, raise capital for growth or acquire other companies. Contact Nick Wallis at email@example.com to see how the team can support you in selling your business or making strategic acquisitions.Back to top