HempFusion Closes Acquisition of Apothecanna
HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (HempFusion or the Company), a leading health and wellness Company offering premium probiotic supplements and products containing CBD, is pleased to announce that it has completed its previously announced acquisition of APCNA Holdings LLC (Apothecanna) (the Transaction).
- HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF) (FWB:8OO) (HempFusion or the Company), a leading health and wellness Company offering premium probiotic supplements and products containing CBD, is pleased to announce that it has completed its previously announced acquisition of APCNA Holdings LLC (Apothecanna) (the Transaction).
- With the recent Sagely Naturals acquisition and now closing of the Apothecanna acquisition, HempFusion is in its strongest position to date.
- The Transaction was completed pursuant to the terms of the unit purchase agreement dated May 14, 2021, as amended (the Purchase Agreement) among HempFusion, Apothecanna, all holders of Apothecanna interests (the Sellers) and Jeff Henretig, as representative of the Sellers.
- HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to approximately 4,000 retail locations across all 50 states of the United States and select international locations.