Health and wellness CBD company HempFusion Wellness Inc. (TSX: CBD.U) (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. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
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New York, May 25, 2021 (GLOBE NEWSWIRE) Proactive, provider of real-time news and video interviews on growth companies listed in the US and Canada, has covered the following companies:
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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.
Arrive Market Forecasts Top Trends and Product Formats for CBD Industry in 2021
Trailblazing CBD Marketplace Identifies How Consumer Behaviors are Influencing CBD Innovation
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LOS ANGELES, Jan. 26, 2021 /PRNewswire/ Arrive Market, a first-of-its-kind online CBD marketplace with a curated selection of high-quality, lab verified products, has released its predictions for this year s top trends and product formats driving the CBD industry.
This year s forecast by Arrive Market was developed through an investigative approach into the shift of consumer behaviors from the past several years, and most notably, how the COVID-19 pandemic has impacted those behaviors even further. The trends dive into new products and formats, as well as new ingredient integration. With CBD gaining more awareness and popularity for its anti-inflammatory properties, new variations of traditional CBD uses are expected to drive innovation in the year a