HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness company offering premium probiotic supplements and products containing CBD, has completed the previously announced acquisition of Sagely Enterprises Inc., a leader in premium CBD products with mass distribution in more than 14,000 retailers nationwide. Per the update, the over $4.19 million in 2020 net revenue, when combined with the closing of the company’s previously announced proposed acquisition of APCNA Holdings LLC, will more than triple HempFusion’s 2020 revenue with significant expansion planned for 2021 and beyond. “We are incredibly excited to complete the acquisition of Sagely Naturals, which provides HempFusion with a significant increase in revenue and immediate distribution to up to an additional 14,000 retail points nationally,” said Jason Mitchell, N.D., CEO of HempFusion. “Integration has been well underway over the past several weeks and we look forward to driving shareholder value through continued growth in 2021 and 2022 both domestically and internationally with our expanding family of brands.”
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About HempFusion Wellness Inc.
HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. 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. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 48 SKUs including tinctures, proprietary FDA drug listed over-the-counter (“OTC”) topicals, doctor/practitioner lines and more. With a strong focus on research and development, HempFusion has an additional 30 products under development. HempFusion is a board member of the U.S. Hemp Roundtable, and HempFusion’s wholly owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex(TM) and are available in-store or by visiting HempFusion online at www.HempFusion.com or www.Probulin.com.
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