Bob Marley brand of cannabis and CBD products.
The Louisville, Kentucky-based company opted to invest $8.7 million in Docklight Brands’ series A offering.
“Our goal is to build an expansive portfolio of the most innovative brands in the cannabis industry and to distribute these products across our vast partner network,” Larry Wexler, Turning Point Brands’ CEO, said Tuesday.
Under the strategic agreement, TPB was granted rights to distribute Docklight’s Marley CBD topical products in the U.S.
“Adding Marley products to our portfolio alongside our legacy Zig-Zag brand marks yet another milestone as we continue to leverage our brands and expand our distribution infrastructure,” Wexler added.