Cannabis Company Harvest One Acquires Dream Water

Canadian cannabis company Harvest One has acquired the natural sleep aid Dream Water (Miami, Fla.) for $27 million. According to Dream Water executives the deal will allow the company to exploit “synergies in the commercial cannabis and sleep aid markets.” The company expects to develop product lines that include the non-psychoactive compound cannabidiol (CBD), found in the cannabis plant, that purportedly has several health benefits, including as pain and anxiety relief. After closing the deal, Dream Water USA and Dream Water Canada will be consolidated and become a subsidiary of Harvest One called Dream Water Global.