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Newport Seashore-based Kadenwood, an organization which owns quite a few CBD well being and wellness manufacturers, says it has raised $50M in its Collection B fundraising. The corporate mentioned the funding was a mixture of money and “media worth”. The funding got here from The Craftory and Arcadian Capital Administration, together with others. The corporate mentioned these information funds will go to “normalize CBD” in well being and wellness merchandise, by way of scaling, strategic companions, and acquisitions. The corporate didn’t say how a lot of the brand new funding was precise money it did say it raised $15M in its Collection A in 2020.
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