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Kadenwood Raises $50M to Speed up Management Place in Shaping CBD Into Mainstream Wellness Class
The Craftory, Arcadian Capital and Current Buyers Led the Sequence B Spherical as Kadenwood Expands Its World Presence & Distribution Community with Current Acquisitions Together with Healist Superior Naturals and Social CBD
NEWPORT BEACH, Calif., June 29, 2021 /PRNewswire/ — Kadenwood, a number one plant-based wellness firm devoted to fostering client belief and transparency, has raised $50 million of money and media worth in a Sequence B fundraising spherical with world purpose-led funding home The Craftory and Arcadian Capital Administration, and follow-on investments from current traders. Already the most important U.S. provider of vertically-integrated CBD client packaged items, this newest funding spherical additional accelerates the model’s mission to normalize CBD in well being and wellness merchandise via scale, strategic partnerships and acquisitions.
In simply the primary half of 2021, Kadenwood has made quite a few high-profile acquisitions, together with CBD wellness manufacturers Healist Superior Naturals and Social CBD. Kadenwood’s natural progress and acquisition method is creating the most important retail CBD distribution community in the USA, together with main drug and grocery retailer chains, growing client entry to trusted CBD merchandise. The acquisition of U.Ok.-based Healist Superior Naturals will permit Kadenwood to scale rapidly offering new retail and e-commerce distribution channels to convey high-quality CBD to customers globally. The extra acquisition of Oregon-based Social CBD allows Kadenwood to supply a wider array of merchandise to mass-market customers throughout a broad vary of demographics as they more and more look to highly effective and plant-based options for his or her well being.
Kadenwood had a landmark 12 months of progress in 2020, elevating $15 million in a Sequence A funding spherical adopted by the acquisition of EcoGen Biosciences, the main world producer and provider of hemp-derived CBD supplies and formulations. The deal successfully established Kadenwood as the most important provider of vertically-integrated, hemp-derived cannabidiol (CBD) within the US, increasing the corporate’s capability to scale manufacturing of its quality-driven CBD merchandise.
Kadenwood entered the patron merchandise market in 2019 with a 100% owned seed-to-shelf functionality and has grown its household of industry-leading model portfolio to incorporate LEVEL SELECT™ CBD, within the private care class, Purity Most well-liked™ Pet CBD and Purity Natural™ CBD Teas.
“Healist has deep, robust foundations in client insights, and understands Sleep, Calm and Reduction like no different CBD model. We are going to proceed our partnership with this daring CPG challenger model by investing in Kadenwood, as we view them as the proper residence for Healist,” explains Elio Leoni Sceti, Co-Founder & Chief Crafter at The Craftory.
With this new spherical of funding, we’re accelerating our mission of constructing enduring CBD manufacturers that folks belief as being protected and efficient, whereas cementing our place as a number one world, vertically-integrated CBD firm.
Erick Dickens, Co-Founder and CEO of Kadenwood
This funding spherical solidifies our capability to execute a $20M media marketing campaign to drive client consciousness and help our retail companions with these {industry} main manufacturers. We’re extremely excited by the expansion forward for Kadenwood and our household of manufacturers as we give attention to scaling and rising our enterprise whereas serving to form the way forward for CBD and plant-based wellness.
For extra info on Kadenwood and its merchandise please go to www.kadenwoodbrands.com or contact Kadenwood@bcw-global.com.
For extra info on The Craftory please go to TheCraftory.io or contact thecraftory@sciencemagic.inc
For extra info on Healist please go to https://healistnaturals.com/
For extra info on Social CBD please go to https://socialcbd.com/
About CBD
CBD is a non-intoxicating cannabinoid present in hashish. After tetrahydrocannabinol (THC), cannabidiol (CBD) is the second most considerable cannabinoid within the plant and is believed to have many potential therapeutic advantages.
About Kadenwood
Based in 2019, Kadenwood is a privately held client merchandise way of life firm relentlessly targeted on shaping CBD right into a trusted and protected mainstream wellness class. To drive this mission, Kadenwood is backed by a long time of CPG advertising and class innovation experience and industry-leading, vertically built-in CBD farming to make sure high quality CBD oil from seed-to-shelf that incorporates 0% THC. In 2019, Kadenwood launched its first plant-based branded merchandise below LEVEL SELECT™ in private care. And in late 2020, Kadenwood launched the Purity Most well-liked™ Pet enterprise, in addition to Purity Natural® scorching teas, so as to add to its portfolio of CBD manufacturers.
About The Craftory
Primarily based in London and San Francisco, The Craftory is a $375M world funding home targeted solely on amplifying the world’s boldest client manufacturers. We provide everlasting, early stage and progress capital to cause-driven CPG manufacturers that positively affect the classes they serve, society, and the planet. The Craftory is a proud B-Corp.
Printed by NCV Newswire
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