Beneficial Insectary and Sierra Biological announced the closing of a transaction whereby Beneficial Insectary acquired 100% of the equity in its distributor Sierra Biological. This transaction consolidates a long-standing and successful collaboration between the two companies whereby Sierra Biological, in addition to commercializing a limited range of products produced in-house, mainly distributes products manufactured by Beneficial Insectary.
Casey Decker, managing director of Sierra Biological, says: "I am pleased to see this transaction close. It is a logical and mutually beneficial way to give our excellent collaboration with Beneficial Insectary a more structural and permanent character. I will continue to lead Sierra Biological and will further operate as an independent distributor with a regional focus in the Northeast. My clients value our quality, reliability, and personal service. The logistical and
administrative benefits of a closer relationship with Beneficial Insectary will mean I can dedicate more of my time to serving their needs."
Cliff Noorlander, CEO of Beneficial Insectary, says: "I look forward to continuing my excellent working relationship with Casey within this new setting. It consolidates our long-standing relationship with Sierra Biological. We'll be able to realize many operational synergies, which
will allow Casey to focus even more on serving his customers. As part of the Biobest Group, I value the independence with which Beneficial Insectary can continue to operate and grow. I firmly intend to work in the same spirit with Sierra Biological. In addition to operational
synergies, Sierra Biological brings certain in-house production and research programs. We look forward to the opportunity to further develop these relying on the resources and know-how of the group. Sierra's technologies include nematodes and new technologies to control cannabis pests, which we will aim to leverage as part of our offering to this important market segment."
For more information:
Beneficial Insectary
info@insectary.com
www.insectary.com
Sierra Biological 
www.sierrabiological.com
Announcements
Job Offers
Top 5 - yesterday
- A major Michigan cannabis company is in receivership, and it isn't the only one that's struggling
- "There is still a lot of misinformation surrounding cannabis cultivation"
- US (CO): Regulator issues warning about moldy cannabis products
- Dual Draft to be featured on new season of Growing Belushi
- US (OK): Cannabis business with 'ghost ownership' identified after judge's ruling, officials say
Top 5 - last week
- Are F1 hybrid seeds going to save the North American cannabis industry?
- CAN: "We loved the challenge of figuring out how to do vertical farming with organic living soil"
- Photo report: The biggest edition of Spannabis to date
- US (FL): CBD manufacturer files for Chapter 11
- Beyond whole flower: How Cannatrek is deploying innovation in Australia's evolving cannabis market
Top 5 - last month
- Joint venture to set up the most advanced cannabis cultivation facility in Thailand
- “The Portuguese sunshine leads to a greater production of cannabinoids and other metabolites”
- New cannabis virus detected: citrus yellow vein-associated virus (CYVaV) affecting crops in Washington
- Are F1 hybrid seeds going to save the North American cannabis industry?
- US (NM): “Our new facility has the capacity to quadruple our production”
Beneficial Insectary acquires Sierra Biological
Publication date:
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2023-03-22 Cees den Boer, co-founder Svensson Netherlands, passed away
- 2023-03-22 US (OK): Cannabis business with 'ghost ownership' identified after judge's ruling, officials say
- 2023-03-22 Dual Draft to be featured on new season of Growing Belushi
- 2023-03-21 Angela Storm joins Dramm as Western Technical Representative
- 2023-03-20 Rebranded Stolze Mexico expands into North American market as GROWA
- 2023-03-20 Hexo sales plummet and Leafly lays off 40 workers, while revenue increases
- 2023-03-16 Jeffrey Batliner joins Cansortium as CFO
- 2023-03-16 Ultimate Sports acquires Colombian grower Sannabis
- 2023-03-16 Cannabis company declares 4/20 an employee holiday
- 2023-03-15 CAN (BC): GreenTec completes acquisition of Avant Brands K1
- 2023-03-15 CAN (BC): CP Logistics reaches settlement with Bobs
- 2023-03-14 Voshol joins GreenV group to serve consolidating market
- 2023-03-14 Heritage Cannabis receives approval to import CBD products to Brazil
- 2023-03-14 CAN (ON): Organigram pauses production of certain products because of mislabeling
- 2023-03-14 BASF invests in WayBeyond
- 2023-03-13 NZ: Helius launches a podcast to inform and educate
- 2023-03-13 US (CA): Cannabis company associated with Jay-Z accused in civil suit of harassment and illegal shipments
- 2023-03-13 US (FL): CBD manufacturer files for Chapter 11
- 2023-03-10 Mexican Health Regulatory Agency awarded cannabis licenses to Xebra
- 2023-03-09 US (CA): StateHouse joins Cannabis Research Coalition
