About MPX Bioceutical
MPX Bioceutical is a company based in Toronto (Canada) founded in 1974 was acquired by iAnthus in October 2018. MPX Bioceutical has completed 2 acquisitions, including IMT and Spartanwellness. MPX Bioceutical operates in a competitive market with competitors including Willow Bioscience, Liberty Leaf, City View Green, Growpacker and Integrated Cannabis Company, among others.
- Headquarter Toronto, Canada
- Stage Public
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website mpxbioceutical.com
- Acquired by iAnthus (Oct 2018)
Funding Insights of MPX Bioceutical
- Total Rounds 3
- Last Round Post-IPO — $40M
- First Round $26.47M
(Dec 2017)
All 3 funding rounds of MPX Bioceutical with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $40M | Post-IPO | – | – | – |
| Jan 2018 | $2.48M | Post-IPO | – | – | – |
| Dec 2017 | $26.47M | Post-IPO | – | – | – |
1 investors in total: 1 institutional.
Investors in MPX Bioceutical
MPX Bioceutical has secured backing from 1 investor. Prominent investors backing the company include iAnthus.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cannabis products are cultivated and processed for medical use. | 2014 | ianthus.com | New York, United States |
Investor details for MPX Bioceutical
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People of MPX Bioceutical
1 people are tracked at MPX Bioceutical (1 in leadership).
| Name | Role | Group |
|---|---|---|
Scott Boyes | CEO & President | Leadership |
Complete people profiles for MPX Bioceutical
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Investments & Acquisitions by MPX Bioceutical
MPX Bioceutical has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include IMT and Spartanwellness.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Software development services are provided to clients worldwide. | imt11.com | Denver, United States | 2005 | Dec 2018 | •••• | |
Provider of virtual integrative medicine for veterans, first responders, and Canadians. It offers personalized treatment plans addressing mental health, chronic pain, trauma, and work-related stress. Services include naturopathic medicine, registered dietitian consultations, prescription services, and disability tax credit support. The virtual care model provides convenient access to care nationwide, with a focus on tailored support for specific populations. Treatment approaches are holistic, aiming to identify and treat the root causes of health issues. The organization leverages online platforms for secure and confidential appointments. | spartanwellness.ca | Canada | 0 | Sep 2018 | •••• |
Complete acquisition details for MPX Bioceutical
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Timeline of MPX Bioceutical
7 dated milestones of MPX Bioceutical across 45 years, from founding to its latest funding, stage changes and deals.
- Founded MPX Bioceutical is founded.
- Funding First funding round of $26.5M.
- Funding Latest funding round, Post-IPO, of $40.0M.
- Acquisition Acquires Spartanwellness.
- Exit Acquired by iAnthus.
- Acquisition Acquires IMT.
- IPO Lists on the stock exchange (IPO).
Competitors of MPX Bioceutical
MPX Bioceutical operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Willow Bioscience, Liberty Leaf, City View Green, Growpacker and Integrated Cannabis Company, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| willowbio.com | 1981 | Calgary, Canada | – | – | Developer of precision fermentation technology producing natural ingredients for various markets | |
| libleaf.ca | 2004 | Vancouver, Canada | – | – | Cannabis is cultivated, processed, and value-added products are produced. | |
| cityviewgreen.ca | 2011 | Toronto, Canada | – | – | Medicinal and recreational cannabis products are processed in Toronto. | |
| growpacker.com | 2017 | Toronto, Canada | $374,988 | – | Cannabis-infused products are manufactured and distributed in Canada. | |
| icaninc.com | 2011 | Vancouver, Canada | – | – | Medicinal and recreational cannabis products are manufactured for various uses. | |
| bccraftsupply.ca | 2012 | Victoria, Canada | – | – | Provider of support services for the cannabis cultivators such as growing techniques, quality assurance, and facility design among others | |
| wildflowerbrands.co | 1983 | Vancouver, Canada | – | – | Specializes in producing high-quality cannabis-based products. | |
| experionwellness.com | 2012 | Vancouver, Canada | – | – | Manufacturer of cannabis wellness products |
Detailed competitors of MPX Bioceutical
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Latest news on Mpx Bioceutical
Complete news archive for MPX Bioceutical
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Similar companies to MPX Bioceutical
10 companies that operate in the same segment as MPX Bioceutical (Cannabis Health Tech Ecosystem), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cannabis products are provided to support consumer wellness and health. | 2013 | Smiths Falls, Ontario, Canada | – | USD 204.24 M | 960 | |
Online marketplace platform for cannabis traders | 2015 | New York, New York, United States | USD 195.4 M | – | – | |
Loyalty and marketing solutions for cannabis dispensaries are provided. | 2012 | West Palm Beach, Florida, United States | USD 25.79 M | USD 22.83 M | – | |
An online marketplace for cannabis products is operated. | 2017 | Bend, Oregon, United States | USD 603 M | – | 137 | |
Online platform for cannabis strains, reviews, and ratings | 2010 | Seattle, Washington, United States | USD 40.7 M | – | – | |
Provider of cannabis products, brands, and international business development investments | 2013 | Moncton, New Brunswick, Canada | – | USD 186.16 M | 898 | |
ERP software is offered via cloud platform for cannabis operations. | 2018 | Boston, Massachusetts, United States | – | USD 110.08 M | 313 | |
Online marketplace connecting licensed cannabis vendors and dispensaries | 2015 | Chicago, Illinois, United States | USD 22.57 M | – | – | |
Enterprise software is provided for cannabis dispensary management. | 2016 | Oakland, California, United States | USD 75.5 M | USD 148.97 K | 97 | |
Proprietary medical cannabis strains are developed and offered. | 2014 | Maryland Heights, Missouri, United States | USD 156 M | – | 557 |
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Frequently Asked Questions about MPX Bioceutical
MPX Bioceutical was founded in 1974 and raised its 1st funding round 43 years after it was founded.
MPX Bioceutical is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Scott Boyes is the current CEO of MPX Bioceutical.
MPX Bioceutical Corporation was founded in 1974 and is headquartered in Toronto, Canada. Operations encompass cultivation, processing, production, and wholesale distribution of cannabis products within the medical sector. Dispensary services are provided alongside brands including MPX, Health4Life, and Salus BioPharma. A partnership with Panaxia supports the development of smokeless pharmaceutical-grade cannabis formulations.
MPX Bioceutical's top competitors include Willow Bioscience, City View Green and Liberty Leaf.
MPX Bioceutical has made 2 acquisitions, including IMT, and Spartanwellness.
MPX Bioceutical has 1 investor. Key investors include iAnthus.
Yes. MPX Bioceutical was acquired by iAnthus in October 2018.