Kadenwood has acquired EcoGen Laboratories, the leading global manufacturer and supplier of hemp-derived CBD materials and formulations. The deal effectively establishes Kadenwood as one of the largest suppliers of vertically-integrated, hemp-derived cannabidiol (CBD) in the US, expanding the company’s ability to scale production of its quality-driven CBD products.
The CBD industry is currently rebounding from the effects of the COVID-19 pandemic, with consumer demand steadily increasing. "The acquisition allows EcoGen to take advantage of Kadenwood’s distribution channels while leveraging the expertise and oversight of its executive leadership team," the team with the company explains. "Backed by decades of branding and management experience in the consumer packaged goods space, Kadenwood is well-positioned to maximize EcoGen’s business and lead this recovery while setting the standard for quality, safety and how to scale successfully."
In addition to investing capital, executive expertise and infrastructure support for EcoGen’s operations in the Grand Valley, CO, region, Kadenwood has appointed its Chief Commercial Officer, Garrett Bain, and VP and General Manager, Jason Waggoner, to EcoGen’s executive team. They will relocate to its Grand Junction, CO, headquarters and focus on strategically scaling the staff and business operations supporting EcoGen’s sales, manufacturing and processing capabilities. EcoGen will sit under Kadewnood’s agricultural vertical, Kadenwood Biosciences, and will be re-branded as EcoGen Biosciences as a wholly owned Kadenwood subsidiary.
The deal is the latest in Kadenwood’s mission to elevate the CBD industry and bolster consumer confidence in the wellness category. Since its launch, Kadenwood has been working to bridge the gap between the high-growth CBD industry and institutional stakeholders. The company continues to redefine relationships between traditional farming operations, supply companies and mainstream consumer products brands, while ensuring industry leading quality standards are upheld.
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