16728502 CANADA INC. /
Fat Panda
CEA Industries expands into Canada's vape retail market with Fat Panda acquisition
What happened
16728502 CANADA INC., a wholly-owned subsidiary of CEA Industries Inc., acquired Fat Panda, a business operated by four companies in Canada. The business manufactures, distributes and sells e-cigarettes, vape devices, e-liquids and related products through retail locations and an online site.
The purchase price was CAD $18.0 million (USD $12.6 million), including cash, CEA common stock and seller notes.
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CEA Industries expands into Canada's vape retail market with Fat Panda acquisition
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