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Cannabis Life Sciences Contract Research Services sector

Strategic acquirers, private equity (buyout funds and growth funds) firms, and valuation benchmarks for Cannabis Life Sciences Contract Research Services

1.1 - About Cannabis Life Sciences Contract Research Services sector

Companies in the Cannabis Life Sciences Contract Research Services category provide outsourced R&D, clinical, and analytical services to advance cannabinoid and cannabis-derived therapies and products. They design and run preclinical and clinical studies, deliver validated laboratory testing, and guide regulatory strategy across jurisdictions. By supplying compliant data packages and end‑to‑end study execution, Cannabis Life Sciences Contract Research Services providers help sponsors de‑risk development and accelerate evidence generation.

Typical offerings span protocol design and clinical operations, site management and patient recruitment for cannabinoid trials, and bioanalytical method development with LC‑MS/MS assay validation. Providers conduct pharmacokinetics, toxicology, and efficacy studies, perform GMP/GLP potency, terpene, residual solvent and contaminants testing, and build CMC dossiers with formulation optimization and stability programs. Many add regulatory submissions support, data management and biostatistics, real‑world evidence studies, and quality management systems aligned to multi‑jurisdictional rules.

Primary customers include cannabis biotech start‑ups, pharmaceutical R&D teams evaluating cannabinoids, and licensed medical cannabis producers. These firms engage providers to generate compliant clinical and preclinical data, streamline IND/CTA preparation, improve assay reliability and product quality, and shorten time‑to‑market. Strategic buyers in this category seek capabilities that reduce regulatory risk, expand therapeutic evidence, and support scaling from lab to commercialization while meeting GMP, GLP, and regional compliance requirements.

2. Buyers in the Cannabis Life Sciences Contract Research Services sector

2.1 Top strategic acquirers of Cannabis Life Sciences Contract Research Services companies

Decibel Cannabis Logo

Decibel Cannabis

HQ: Canada Website
  • Description: Provider of recreational cannabis products and related wholesale and retail services in Canada, specializing in the production, distribution and sale of adult-use cannabis through production facilities and branded stores.
  • Key Products:
  • Recreational Cannabis Products: Cultivates and manufactures recreational cannabis items, providing consumers with regulated flower and derivative products for adult-use consumption
  • Wholesale Cannabis Distribution: Supplies cannabis products and related services in bulk from its production facilities to distributors and licensed cannabis producers, ensuring large-scale availability and consistent quality
  • Retail Cannabis Sales: Operates retail locations that directly sell its own branded cannabis products to end customers, offering in-store purchasing experiences and product education
  • Production Facility Services: Utilizes in-house cultivation and processing facilities to deliver contract manufacturing and packaging services for wholesale partners, enabling efficient market entry and compliance.
  • Company type: Private company
  • Employees: ●●●●●
  • Total funding raised: $●●●m
  • Backers: ●●●●●●●●●●
  • Acquisitions: ●●
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2.2 - Strategic buyer groups for Cannabis Life Sciences Contract Research Services sector

M&A buyer group 1: Biopharma Outsourcing

95 companies View group →
Description: Companies in Healthcare Biopharma Outsourcing Services provide contract development, clinical operations, and GMP manufacturing across the drug lifecycle. They build compliant manufacturing networks for biologics, cell and gene therapies, and vaccines; deliver aseptic fill‑finish and dosage‑form development; and run preclinical and clinical programs. Strategic buyers in this category enable sponsors to scale capacity, accelerate approvals, and improve supply resilience through integrated, outsourced capabilities.
Catalent

Catalent

Website HQ: United States
  • Type: N/A
  • Employees: ●●●●●
  • Description: Provider of advanced drug delivery technologies and development solutions for pharmaceuticals, biologics and consumer health products, offering pre-formulation, formulation, clinical and commercial manufacturing of oral solid dose formats, softgel technologies, and injectable manufacturing including pre-filled syringes and glass-free vials, plus integrated cell-line and formulation development services.
  • Key Products:
  • Softgel Technologies: Provides formulation, development and manufacturing of soft capsules, utilizing proprietary softgel delivery to enhance bioavailability and create customised dosage forms for health and pharma clients
  • Advanced Oral Solid Dose Solutions: Offers comprehensive pre-formulation, formulation, and clinical-to-commercial scale production of traditional and advanced oral solid dose formats, improving drug stability and controlled release profiles
  • Injectable Manufacturing Solutions: Delivers sterile filling of drugs and biologics into pre-filled syringes and glass-free vials with integrated formulation development, supporting clinical and commercial supply requirements globally
  • Cell-Line & Formulation Development: Supplies integrated cell-line manufacturing and formulation development services that accelerate biologic drug development, enhance production yields and shorten time-to-market for therapeutic clients
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Buyer group 2: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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Buyer group 3: ████████ ████████

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Key Products: ████████, ████████, ████████, ████████
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3. Investors and private equity firms in Cannabis Life Sciences Contract Research Services sector

3.1 - Buyout funds in the Cannabis Life Sciences Contract Research Services sector

Buyout Funds investing in Cannabis Life Sciences Contract Research Services companies

51+ funds
Description: Buyout funds focused on Cannabis Life Sciences Contract Research Services companies globally.

EQT

Website HQ: Sweden
  • Type: Buyout
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: Technology companies in Cannabis Life Sciences Contract Research Services
  • Relevant M&A transactions / similar portfolio companies:
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2.2 - Strategic buyer groups for Cannabis Life Sciences Contract Research Services sector

Growth Equity Funds in Cannabis Life Sciences Contract Research Services companies

41+ funds
Description: Growth equity funds focused on Cannabis Life Sciences Contract Research Services companies globally.

Idinvest Partners

Website HQ: France
  • Type: Growth
  • Fund Size: $●●●m
  • Investment Range: $●●-●●●m
  • Focus: High-growth companies in Cannabis Life Sciences Contract Research Services
  • Relevant investments / similar portfolio companies:
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4 - Top valuation comps for Cannabis Life Sciences Contract Research Services companies

4.2 - Public trading comparable groups for Cannabis Life Sciences Contract Research Services sector

Description: Public companies in this trading comparables group provide outsourced preclinical drug discovery and development services alongside CMC and GMP manufacturing for small molecules, biologics, and advanced modalities. Their business models are fee-for-service with project-based and milestone revenues, leveraging integrated platforms from discovery through early clinical readiness. They are grouped as comparables given similar customer bases, service mix, capacity footprints, and exposure to biopharma R&D spending cycles.
Wuxi XDC logo

Wuxi XDC

  • Enterprise value: $●●●m
  • Market Cap: $●●●m
  • EV/Revenue: ●.●x
  • EV/EBITDA: ●●.●x
  • Description: Provider of single-source discovery, development, and manufacturing services for antibody drug conjugates (ADCs) and novel bioconjugates, offering comprehensive and integrated solutions from chemical payload to GMP manufacturing, aimed at empowering global pharmaceutical organizations.
  • Key Products:
  • Discovery Services: Comprehensive discovery services for developing novel bioconjugates
  • Development Services: Integrated CMC development for ADCs and novel bioconjugates
  • GMP Manufacturing: cGMP manufacturing of chemical intermediates and drug substances
  • Therapeutic Payloads: Production and provision of payload-linker intermediates for ADCs
  • Off-the-Shelf Intermediates: Ready-to-conjugate chemical payload and linker intermediates.
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Revenue growth
Median
15.7%
2025E
16.0%
2026E
EBITDA margin
Median
28.2%
2025E
28.6%
2026E
Cash EBITDA margin
Median
27.6%
2025E
28.0%
2026E
EV/Revenue
Median
8.4x
2025E
6.8x
2026E
EV/EBITDA
Median
28.9x
2025E
24.4x
2026E
EV/Cash EBITDA
Median
29.0x
2025E
25.5x
2026E
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4.3 - M&A Transactions in the Cannabis Life Sciences Contract Research Services sector

Selected M&A transactions

Date Target Description Buyer(s) Relevance EV EV/Revenue EV/EBITDA
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Frequently Asked Questions

Buyers & Acquirers in Cannabis Life Sciences Contract Research Services sector

Who are the top strategic acquirers of Cannabis Life Sciences Contract Research Services companies?

Top strategic buyers in this sector include Decibel Cannabis, a provider of recreational cannabis products and related wholesale and retail services in canada, specializing in the production, distribution and sale of adult-use cannabis through production facilities and branded stores. .

Which buyer groups are most relevant for Cannabis Life Sciences Contract Research Services companies?

Relevant strategic buyer groups similar to the Cannabis Life Sciences Contract Research Services sector include Biopharma Outsourcing because they share similar customer segments and product capabilities.

Financial Investors in Cannabis Life Sciences Contract Research Services sector

Which are the top PE firms investing in Cannabis Life Sciences Contract Research Services companies?

Potential investors in the broader Cannabis Life Sciences Contract Research Services space include Idinvest Partners and EQT.

Who are the top buyout funds acquiring Cannabis Life Sciences Contract Research Services companies?

Active PE funds and buyout funds acquiring companies in the Cannabis Life Sciences Contract Research Services space include EQT.

Who are the top growth equity funds investing in Cannabis Life Sciences Contract Research Services companies?

Growth funds investing in the broader Cannabis Life Sciences Contract Research Services sector include Idinvest Partners.

Valuation of Companies in Cannabis Life Sciences Contract Research Services sector

Which are the key public companies that are relevant trading comps for Cannabis Life Sciences Contract Research Services companies?

Key trading comparable groups include Wuxi XDC, a provider of single-source discovery, development, and manufacturing services for antibody drug conjugates (adcs) and novel bioconjugates, offering comprehensive and integrated solutions from chemical payload to gmp manufacturing, aimed at empowering global pharmaceutical organizations..

Which are the key trading comparable groups for Cannabis Life Sciences Contract Research Services companies?

Similar trading comparable companies include Preclinical Contract Research and Manufacturing Companies. Our platform tracks detailed trading comparable groups in the Cannabis Life Sciences Contract Research Services sector with complete valuation multiples, growth metrics, and profitability data. Access the full database to benchmark your company against relevant public comparables.

What are recent M&A transactions in the Cannabis Life Sciences Contract Research Services sector?

Our platform tracks M&A transactions in the Cannabis Life Sciences Contract Research Services sector with complete deal terms, valuation multiples, and strategic rationale. Access the full database to benchmark pricing and identify active acquirers.

What are recent capital raises and funding rounds in Cannabis Life Sciences Contract Research Services?

Access recent funding rounds in the Cannabis Life Sciences Contract Research Services sector including growth equity, venture capital, and buyout investments. Our database includes round size, lead investors, valuations, and use of proceeds.

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