Segra Expands Capacity with Klonetics Acquisition
Deal News | May 20, 2025 | Globenewswire
Segra International, a leader in cannabis agricultural technology, has announced its acquisition of Klonetics Plant Science Inc., a licensed cannabis nursery based in Kelowna, BC. This strategic move is designed to enhance Segra's capacity as a cannabis tissue culture nursery and pathogen testing lab, thereby meeting the increasing global demand for high-quality cannabis clones. Through Klonetics' licenses and infrastructure, Segra aims to expand its operational capabilities and augment its agronomic services, supporting clients from small growers to large producers. The acquisition also positions Segra to improve the quality and diversity of cannabis genetics offered, while ensuring superior cultivation practices. CEO Jamie Blundell highlights the amalgamation as a significant milestone, further strengthening Segra's commitment to excellence and innovation within the global cannabis industry.
Sectors
- Cannabis
- Agricultural Technology
- Biotechnology
Geography
- Canada – Segra International and Klonetics Plant Science Inc. are both based in Canada, emphasizing the relevance of the Canadian cannabis market in this acquisition.
- International – Segra services international markets, and the article discusses global strategies and supply, indicating its reach beyond Canada.
Industry
- Cannabis – The article pertains to the cannabis industry, focusing on the acquisition of a cannabis nursery to expand capacity for cannabis plant production and pathogen-tested plants.
- Agricultural Technology – This is relevant as it highlights Segra's focus on advanced technology in cannabis tissue culture and molecular laboratories to enhance cultivation processes.
- Biotechnology – The integration of tissue culture, DNA fingerprinting, and pathogen detection services to improve cannabis plant quality indicates activity in the biotechnology sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Segra International | Bidding Company | Company | Segra International is a leading company in cannabis agriculture technology, based in Vancouver, Canada, specializing in tissue culture, pathogen detection, and cultivation optimization. |
| Klonetics Plant Science Inc. | Target Company | Company | Klonetics is a licensed cannabis nursery and cultivation company located in Kelowna, BC, providing infrastructure and licenses critical for the acquisition. |
| Jamie Blundell | Person | People | Jamie Blundell is the CEO of Segra International, overseeing the company's strategic initiatives and commenting on the acquisition's significance. |