Background
Hemp Juice is an e-commerce company that sells its CBD products, primarily on the Polish market. The company was founded in 2019, has six employees, and is headquartered in
Since its inception, Hemp Juice has more than doubled its annual sales during profitability, and the company has a very positive future outlook. Hemp Juice reported sales of €156,000 in 2020, and the entire year 2021 sales are expected to approximately €390,000, which corresponds to a growth of roughly 115%. Its business model is pure D2C, i.e., e-commerce on its own platform.
The Polish CBD market is expected to grow to €1.1 billion by 2025.
Synergies:
- Economies of scale in production, generate cost savings through, among other things, larger volumes.
- Revenue growth through access to new products that broaden the product range across all channels (e-commerce, retailers, and distributors).
- Human capital and a more efficient cost base.
- Efficiency gains in sales, marketing, and product development.
Purchase price and schedule
The purchase price for Hemp Juice consists of:
- A set-off issue of 120,000 shares in
Hemply Balance at a share price ofSEK 24.5 - A cash payment divided between the years 2022–2024 of €220,000
- A possible additional purchase price of a maximum of €470,000 over four years provided that the seller achieves predetermined goals (earn out).
The transaction is conditional on completed due diligence and that
Comments
“We are delighted to announce an acquisition of such a great company into the group. It marks an important first step in our acquisition strategy”, says Pingis Berg-Hadenius, Chair of
"We are very fortunate to announce this deal with such a great brand, products, team and founders. I feel confident in the positive synergies Hemp Juice and
"We’re very excited for the upcoming merge. We see many synergies between Hemp Juice and
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