Kadenwood Raises $ 50 Million to Accelerate Leading Position in Transforming CBD into Consumer Wellness Category

During the first half of 2021, Kadenwood completed a number of leading acquisitions, including CBD wellness brands Healist Advanced Naturals and Social CBD. Kadenwood’s organic growth and acquisition approach creates the largest retail CBD distribution network in United States, including large drugstore and grocery chains, increasing consumer access to trusted CBD products. The acquisition of UK-based Healist Advanced Naturals will allow Kadenwood to grow rapidly by providing new retail and online distribution channels to bring high quality CBD to consumers around the world. The additional acquisition of Oregon-based Social CBD enables Kadenwood to offer a wider range of products to mass market consumers across a wide range of demographics as they increasingly seek potent, herbal solutions for their health .

Kadenwood enjoyed a historic year of growth in 2020, increasing $ 15 million in a Series A funding round followed by the acquisition of EcoGen Biosciences, the world’s leading manufacturer and supplier of hemp-derived CBD materials and formulations. The deal effectively established Kadenwood as the largest vertically integrated hemp-derived cannabidiol (CBD) supplier in the United States, increasing the company’s ability to ramp up production of its quality-driven CBD products.

Kadenwood entered the consumer products market in 2019 with 100% seed-to-shelf capacity and expanded its family of leading brands to include LEVEL SELECT â„¢ CBD, in the personal care category, Purity Preferred â„¢ Pet CBD and CBD Purity Organic â„¢ teas.

“Healist has a strong and deep foundation in consumer knowledge and understands Sleep, Calm and Relief like no other CBD brand. We will continue our partnership with this bold challenger brand CPG by investing in Kadenwood, as we see them as the perfect home for them. Healist, ”says Elio Leoni Sceti, co-founder and chef artisan at The Craftory.

“With this new round of funding, we are accelerating our mission to create sustainable CBD brands that people think are safe and effective, while consolidating our position as the global leader in vertically integrated CBD,” said Eric dickens, co-founder and CEO of Kadenwood. “This round of funding strengthens our ability to execute a $ 20 million media campaign to educate consumers and support our retail partners with these industry leading brands. We are incredibly excited about the upcoming growth of Kadenwood and our family of brands as we focus on scaling and growing our business while helping to shape the future of CBD and wellness. herbal. “

For more information on Kadenwood and its products, please visit www.kadenwoodbrands.com or contact [email protected].

For more information on The Craftory, please visit TheCraftory.io or contact [email protected]

For more information on Healist, please visit https://healistnaturals.com/

For more information on Social CBD, please visit https://socialcbd.com/

About CBD
CBD is a non-intoxicating cannabinoid found in cannabis. After tetrahydrocannabinol (THC), cannabidiol (CBD) is the second most abundant cannabinoid in the plant and is said to have many potential therapeutic benefits.

About Kadenwood
Founded in 2019, Kadenwood is a private, lifestyle-focused consumer products company that relentlessly focuses on transforming CBD into a reliable and safe consumer wellness category. To carry out this mission, Kadenwood draws on decades of CPG-grade marketing and innovation expertise and industry-leading vertically integrated CBD cultivation to ensure a CBD oil. Seed-to-tablet quality containing 0% THC. In 2019, Kadenwood launched its first branded herbal products under LEVEL SELECT ™ in the personal care space. And at the end of 2020, Kadenwood launched the Purity Preferred ™ Pet business, along with Purity Organic® hot teas, to complement its portfolio of CBD brands.

About crafts
Situated at London and San Francisco, The Craftory is a $ 375 million Global investment house focused exclusively on amplifying the world’s most daring consumer brands. We provide ongoing, start-up and growth capital to cause-driven CPG brands that positively impact the categories they serve, society and the planet. The Craftory is a proud B-Corp.

SOURCE Kadenwood

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