Bluebird Botanicals, a Louisville CBD and hemp extract producer, has bought Denver-based CBD product maker Precision Botanicals.
Phrases of the deal weren’t disclosed.
The acquisition offers Bluebird, a commerce title for Gaia Botanicals LLC, entry to Precion’s Oregon hemp processing facility.
“Bluebird has been an trade chief since its founding, and this acquisition additional solidifies our place as a world-renowned hemp extract firm that’s dedicated to the very best requirements of product high quality and intently centered on human wellness,” Bluebird CEO Brandon Beatty mentioned in an announcement. “We imagine the mix of Bluebird’s model recognition and customer-centric strategy with Precision’s science-driven mannequin will carry each manufacturers to new heights.”
Along with the acquisition, Bluebird introduced this week the receipt of an undisclosed funding from non-public fairness agency Juggernaut Capital Companions.
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