Mary’s Brands acquired by Connecticut cannabis brand CEO methods down

[ad_1]

&#13

Connecticut-primarily based BR Brands, which owns and distributes a variety of marijuana and hemp solutions, acquired Mary’s Brands, the Colorado maker of a cannabis skin patch.

Terms of the acquisition had been not created public.

Right after the deal closed, Mary’s Brands CEO Lynn Honderd stepped down as CEO but remains an adviser.

Mary’s Brands include things like:

  • Mary’s Medicinals, a line of THC solutions.
  • Mary’s Nutritionals, a line of hemp-derived CBD solutions.
  • Mary’s Complete Pet, a line of hemp-derived CBD solutions.

Primarily based in Greenwich, Connecticut, BR Brands also announced it has raised $60 million in a Series A capital raise backed by its strategic capital companion, Rose Capital.

BR Brands also announced investments in providers creating THC-infused chocolates and beverages.

For evaluation and in-depth appears at the investment trends and offers driving the cannabis market forward, sign up for our premium subscription service, Investor Intelligence.

Subscribe to our Newsletter

&#13

Categories: Briefs, CBD Solutions &amp CBD Business enterprise News, Hemp Finance, Investing and Banking News

[ad_2]

Latest posts