LOUISVILLE, Colo., July 23, 2021 (GLOBE NEWSWIRE) — Bluebird Botanicals (“Bluebird” or the “Firm”), a number one producer and distributor of high-quality hemp CBD merchandise, right now introduced the acquisition of Precision Botanical (“Precision”), a science-driven CBD model that’s dedicated to offering purity, accuracy, and transparency for all of its CBD merchandise. The mixed firm may have the sources and experience to proceed producing and delivering to clients the most secure, highest-quality, and best botanical dietary supplements nature can present.
Working as one of many oldest, largest, and most recognizable CBD manufacturers, Bluebird provides a number of CBD merchandise together with its award-winning Classic CBD Oil and different choices equivalent to CBD isolates and CBD gummies. With the closing of this acquisition, Bluebird continues to exhibit its management within the giant and fast-growing CBD business. The merger with Precision will permit Bluebird to strengthen its provide chain, proceed to stick to a rigorous hemp extraction course of for all of its merchandise, and additional set up the mixed firm’s model popularity for purity, security, and high quality amongst retailers and customers.
Bluebird additionally beneficial properties instantaneous entry to Precision’s Oregon-based hemp cultivation and extraction facility. The mixed firm will profit from Precision’s key science, know-how, and data-led shopper insights, in addition to its patent-pending revolutionary instruments and applied sciences, new product improvement alternatives, and modern staff of specialists.
Brandon Beatty, the longest-tenured CEO within the CBD business and Founder and CEO of Bluebird Botanicals, mentioned: “Bluebird has been an business chief since its founding, and this acquisition additional solidifies our place as a world-renowned hemp extract firm that’s dedicated to the best requirements of product high quality and intently targeted on human wellness. We imagine the mix of Bluebird’s model recognition and customer-centric strategy with Precision’s science-driven mannequin will carry each manufacturers to new heights. We’re extraordinarily proud and excited to associate with the scientists who based Precision, in addition to the proficient and revered of us at Juggernaut Capital Companions.”
Since its founding in 2012, Bluebird, which is a Licensed B Company, has targeted strategically on its e-commerce operations and the pure and specialty gross sales channels. In keeping with this focus, the mix with Precision will serve to strengthen Bluebird’s presence in brick-and-mortar retail areas, as Precision has a fast-growing nationwide footprint inside comfort and grocery retailer channels.
Along with the acquisition, Bluebird has acquired a development funding from Juggernaut Capital Partners, a decrease center market non-public fairness agency specializing in buyout and development investments throughout the patron and outsourced healthcare providers industries. Juggernaut’s funding will strengthen the mixed firm’s monetary profile and supply it with the sources to gasoline additional innovation within the CBD area, speed up development on-line, and help future enlargement into new channels.
About Bluebird Botanicals Based in 2012 by Brandon Beatty, Bluebird’s imaginative and prescient has all the time been pushed by the deepest respect for the hemp plant and the plethora of advantages it could actually present to our world communities. Bluebird shortly turned generally known as the corporate that cares and does issues proper, and its mixture with Precision Botanical underscores and deepens this dedication. Based by a staff of neuroscientists, chemist, and toxicologists, Precision is a science-first model dedicated to high quality, purity, and transparency in creating the most effective CBD merchandise accessible wherever. With an overarching give attention to high quality, Bluebird is among the largest hemp extract producers and retailers on the planet. After buying Precision, passing their present Good Manufacturing Practices audit with wonderful scores, and reaching self-affirmed GRAS standing, Bluebird is well-positioned to proceed its development within the giant, more and more aggressive, and increasing CBD market.
For extra info on Bluebird, please go to www.bluebirdbotanicals.com
About Juggernaut Capital Companions Juggernaut Capital Companions is a decrease center market non-public fairness agency specializing in buyout and development investments throughout the patron and outsourced healthcare providers industries. Juggernaut has a household of funds representing over $1 billion of capital commitments and is at present investing out of Juggernaut Capital Companions IV, L.P.
For extra info on Juggernaut Capital Companions, please go to www.juggernautcap.com
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