C4 Laboratories (a provider of cannabis testing services) was recently acquired by SC Labs. SC Labs is a licensed and accredited cannabis testing agency with locations spanning: California, Colorado, Michigan, Oregon, and Arizona.
C4 Laboratories is one of the pioneering Arizona cannabis labs and offers advanced testing capabilities, to ensure quality and accuracy. They also have a fidelity to science-driven consumer safety, operational preeminence, and providing brands with seamless testing and data management processes. C4 Laboratories will help drive opportunity with existing SC Labs customers, who are looking for exceptional quality over a more extensive territory.
SC Labs has more than a 12-year legacy of assisting companies to deliver safe products to the emerging marketplace. SC Labs is focused on establishing new testing standards and methodologies designed for speed, efficiency, and safety. SC Labs helps its clients to navigate complex regulatory requirements, while providing them unsurpassed scientific expertise and trailblazing resources. SC Labs also specializes in mitigating risk through its state-of-the-art compliance software (Chorus). Chorus helps the cannabis businesses maintain synchronization in the dynamic regulatory landscape.
"We're thrilled to welcome the C4 Laboratories team to the SC Labs family! C4 has a demonstrated history of scientific expertise and business acumen, that fits perfectly within our values shared across locations. With this acquisition, we can continue to expand our best-in-market cannabis testing services and the opportunity to service multi-state growers and manufacturers. It is truly an exciting time for growth, and we know that the C4 team will be an invaluable addition to our team, culture, and operations." - Jeff Journey, CEO of SC Labs
Combined U.S. medical and recreational cannabis sales are estimated to eclipse $52.6 billion by 2026. In regulated cannabis markets, products for sale are required to undergo a series of tests by a state-approved lab to help ensure products are contaminant free and accurately labeled for consumers. Many operators have recently faced rampant allegations of testing fraud across the country, despite regulations. This makes it more critical than ever for consumers to be confident that science-first labs have tested their products accordingly.
"As a part of SC Labs, we have an exciting opportunity to become the largest cannabis testing platform in the United States. Our combined leverage of top scientists with specialized cannabis testing knowledge and a leadership team of industry experts will help to harmonize R&D efforts, while improving the data experience and continuing to strive for positive regulatory change. The potential of what we can do together is limitless.” - Ryan Treacy, CEO/Founder of C4 Laboratories
"This transaction was a great example of when a buyer is a perfect fit for a seller. From start to finish, the diligence process was seamless, and we are excited to see what this partnership brings for years to come." - Haden Buckman, Transaction Associate of Benchmark International
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $10 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.