C21 Investments Completes Acquisition of Swell Companies

Published: May 28, 2019

C21 Investments Inc. has completed the acquisition of all of the issued and outstanding shares in Oregon-based Swell Companies Limited (“Swell”).

Swell has a 10,000-square foot processing facility in Portland, Oregon and has expansion rights for an additional 18,000 square feet, adjacent to the primary facility. Swell currently employs 41 full-time industry professionals in the extraction and manufacturing of THC and CBD derived products. Swell’s commitment to quality, innovation, and execution has established Swell as an early leader in the competitive Oregon market. Swell’s brands include Dab Society Extracts and Hood Oil.

“Swell is the Company’s fifth completed acquisition in the United States,” said Robert Cheney, President and CEO of C21 Investments. “Acquiring Swell fulfills a critical segment of our expansion strategy, positioning C21 as a competitive player in the rapidly growing consumer packaged goods segment of the industry by bolstering our extraction and manufacturing expertise across all of our operations.”

“Consumption of cannabis oil derived products, such as vapes, has grown substantially across all markets” said Alleh Lindquist, CEO of Swell. “This segment is quickly becoming the most significant component of the industry and with the support of C21, Swell is poised to rapidly expand its consumer packaged goods product offerings in existing and new markets.”