Fractionation of an aqueous extract from the aerial parts of Ageratina grandifolia yielded a new natural product, namely, 4-hydroxy-3-((S)-1′-angeloyloxy-(R)-2′,3′-epoxy-3′methyl)butylacetophenone (1), along with eight known compounds, including three flavonoids (2−4) and five chromenes (5− 9). NMR data interpretation and DFT-calculated chemical shifts combined with DP4+ statistical and J-DP4 probability analyses allowed for the complete characterization of compound 1. The presence of compound 1 in a plant that biosynthesizes 2,2dimethylchromenes is noteworthy, because an epoxy derivative has long been postulated as the reaction intermediate from the prenylated p-hydroxyacetophenones to cyclic dimethylchromenes. So far, this key intermediate has not been isolated, due to its purported chemical instability. Thus, this is the first report of a potential epoxide intermediate, leading to any of the chromene constituents of this plant. Compounds 1−9 inhibited yeast α-glucosidase with IC 50 values ranging from 0.79 to 460 μM (acarbose, IC 50 = 278.7 μM). The most active compounds were quercetagetin-7-O-(6-O-caffeoyl-β-D-glucopyranoside (3) and 6hydroxykaempferol-7-O-(6-O-caffeoyl-β-D-glucopyranoside (4). Kinetic analysis of 3 revealed its mixed-type inhibitor nature. Docking studies into the crystallographic structure of yeast α-glucosidase (pdb 3A4A) predicted that 3 and 4 bind at the catalytic site of the enzyme.