Berlin Packaging, a hybrid packaging supplier, announced the acquisition of Cannasupplies, one of Canada's largest suppliers of packaging solutions for the cannabis industry. The transaction expands Berlin Packaging's product offering for cannabis packaging and adds expertise in the Canadian cannabis end-market.
Formerly a division of PharmaSystems Inc., a supplier of hospital and pharmacy supplies, Cannasupplies has been at the forefront of cannabis packaging since 2014, with innovative packaging solutions for all categories of cannabis products and an understanding of the Canadian regulatory framework.
Cannasupplies will operate as a division of Consolidated Bottle Corporation, the Canadian packaging supplier Berlin Packaging acquired in November 2020. Consolidated Bottle provides packaging solutions across multiple end-markets, including personal care, pharmaceutical, food, beverage and industrial, in addition to cannabis.
"Acquiring Cannasupplies positions Berlin Packaging to capitalize on the incredible opportunities in this rapidly growing industry, not only in Canada, but across the United States, as more states permit medical and recreational cannabis use," says Bill Hayes, CEO and president of Berlin Packaging. "Cannasupplies shares our entrepreneurial mindset, our drive for constant growth and our commitment to compliant packaging solutions for our valued customers."
"Partnering with Cannasupplies will help us better serve our customers and will advance our business in the Canadian cannabis market," says Jonathan Rutman, CEO of Consolidated Bottle. "We are uniquely positioned in the Canadian market and this partnership will benefit our customers, our suppliers, and our employees."
"Cannasupplies has experienced meteoric growth, and our partnership with Berlin Packaging and Consolidated Bottle will accelerate this trajectory as we expand our cannabis packaging footprint across North America," says Mark Finkelstein, president of Cannasupplies.
Following the acquisition, the company will be known as Cannasupplies, a division of Consolidated Bottle Corporation. All Cannasupplies employees and locations will be retained.