Hempfusion Wellness Inc CBDHF

HempFusion Closes Acquisition of Sagely Naturals

[SlumdogMillionaire]

Great news and a strong synergy with the existing portfolio. Link below for full article.

https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/hempfusion-closes-acquisition-of-sagely-naturals

Acquisition Highlights:

• 2020 net revenue of over $4.19 million; and when combined with the closing of the Company’s previously announced proposed acquisition of APCNA Holdings LLC (“Apothecanna”), will more than triple HempFusion’s 2020 revenue with significant expansion planned for 2021 and beyond
• Immediate distribution to up to 14,000 additional stores, materially increasing HempFusion’s distribution footprint
• Opportunity to introduce ingestible CBD products in up to 14,000+ stores in Sagely Naturals’ retail distribution footprint
• Complementary but not directly competing product offerings provide significant cross-platform opportunities through each of the companies’ respective distribution channels
• Product efficiencies across the topicals line while delivering a near-term opportunity for further expansion into ingestible products supported by HempFusion’s proprietary formulations
• HempFusion’s substantial investment into regulatory compliance will help solidify Sagely Naturals’ leadership position in the CBD industry
• Sagely Naturals has been included on HempFusion’s Novel Foods Application Dossier with the United Kingdom’s Regulatory Food Safety Agency for future European expansion
• Sagely Naturals’ C-Suite brings operational excellence including best-in-class marketing, proven innovation, and advantaged customer/channel relationships to HempFusion’s family of brands