Dream Water, a Hollywood-based company that makes a sleep aid product, has agreed to be acquired by Harvest One Cannabis, a global company based in Vancouver, Canada.
Harvest One Cannabis, a public company that services medical and recreational cannabis markets, recently announced the acquisition of Dream Water for $34.5 million in Canadian currency, which is about $27 million in U.S. dollars. Harvest One has a horticultural arm and is a Canadian-licensed producer for United Greeneries Ltd., a medical and pharmaceutical arm Satipharm AG in Switzerland, according to a news release.
