While much of Canada may be abuzz over the legalization of recreational cannabis next week, a Gatineau firm focused on marijuana-related wellness products says it’s acquiring an Ontario company specializing in natural health items such as powders, sports drinks and probiotics.
LiveWell Canada (TSX-V:LVWL) says it is purchasing Windsor-area firm Acenzia for $2 million in cash and $18 million in common shares of LiveWell. The local hemp and cannabis company is focused on CBD and other cannabinoids – compounds typically associated with pain relief and other medical benefits without the psychoactive effects commonly associated with marijuana.
Acenzia, meanwhile, develops personalized diagnostics and therapeutics specific to particular medical conditions. LiveWell president David Rendimonti said in a statement that Acenzia’s products “fall into a category of their own.”
OBJ360 (Sponsored)

New development in Kanata by Lepine connects business and community
Les Boutiques at Carré Saint Louis is bringing exciting retail opportunities to the heart of Ottawa’s west end. Developed by Lépine and exclusively leased by Campanale, this mixed-use development in

uOttawa’s Desjardins Elevator Pitch Competition shows student entrepreneurship is booming
Éric Nelson says there’s something in the air these days at uOttawa regarding entrepreneurship. “You see it in the numbers, but also the attitude of students towards entrepreneurship,” explains the
LiveWell, which is converting a 550,000-square-foot greenhouse in Ottawa’s rural south to a cannabis grow-op, notes that legalization and acceptance of CBD is accelerating at a rapid pace, causing “exploding” demand for CBD health and wellness products. As it eyes international markets, LiveWell highlighted Acenzia’s “strategic” location 15 kilometres from the Canada-U.S. border.
Acenzia’s co-founders and co-presidents, Indrajit Sinha and Grant Bourdeau, will both join LiveWell’s leadership team.
In a separate announcement, LiveWell said it is shuffling its executive roles, handing Rendimonti the title of CEO in addition to his duties as president. The firm’s co-founder and former CEO, Seann Poli, will become a special advisor to the company.