HempFusion To Buy CBD Brand Sagely Naturals For $25M HempFusion Wellness Inc. (TSX:CBD) (OTC:CBDHF) announced Monday it will buy CBD brand
Sagely Naturals in a $25 million stock and cash deal.
Sagely Naturals is one of the largest female-founded CBD wellness brands. Launched in 2015, it has since worked its way up and onto the shelves of popular retailers such as CVS, Rite Aid (NYSE:RAD), Sprouts Farmers Market (NASDAQ:SFM), Nordstrom (NYSE:JWN), among others.
Sagely is said to be number one in CBD topicals with a 23% market share in the pharmacy channel and 13.8% market share in the multiple-outlet channel, based on IRI data. Furthermore, celebrities like Cameron Diaz, Zoe Saldana and Molly Sims are known as consumers and investors in the brand.