Canadian CANNAINVESTOR Magazine April 2017 - Page 40



Plant based company purchased for $550M USD on

June 10, 2015

Annie’s Organics

Purchased in 2014 by General Mills for $820M USD

Manitoba Harvest Hemp company purchased for$132M USD on June 8, 2015

Ceapro (TSXV:CZO)

Produces plant-based functionally active ingredients for human and animal health markets – Market cap of C$109 million trades at C$1.45 a share

Company Comparables

Burcon NutraScience


Patented processes utilizing plant-based proteins. BU has virtually no revenue and a market cap of C$118 million

Neptune Technologies (TSX:NTB)

Produces marine-derived omega 3 fatty acids. Trades at an EV/Revs multiple of 10x & has market cap of C$87 million.