With the acquisition of American CBD, Thoughtful Brands will immediately adopt a vertically integrated model, controlling each aspect of its supply chain, including production, logistics and value chain.
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I’m Cassandra Bolinski for Investmentpitch Media
Thoughtful Brands, a global natural health products and eCommerce technology company, has closed its acquisition of American CBD Extraction Corp.
With the acquisition of American CBD, Thoughtful Brands will immediately adopt a vertically integrated model, controlling each aspect of its supply chain, including production, logistics and value chain.
Thoughtful Brands researches, develops, markets, and distributes natural health products.
Through continuous strategic acquisitions, the company has built a strong footprint in the CBD market, as well as the burgeoning psychedelic medicine sector.
It currently owns and operates multiple direct to consumer CBD brands which it distributes in North America and Europe.
The company owns and operates a 110,000 square foot pharmaceutical manufacturing facility in Germany, where its highly skilled team conducts clinical studies utilizing naturally occurring psilocybin and other compounds found in psychedelics for the treatment of opiate addiction, while planning for future opportunities to create proprietary psilocybin products.
Ryan Dean Hoggan, CEO, stated: "The acquisition of American CBD marks a promising new phase for the Thoughtful Brands. With vertical integration taking effect immediately, we look forward to the entire business benefitting through reduced costs, additional expansion opportunities and product innovation. We look forward to closing 2020 on a high note and an array of new initiatives in 2021.”
Through its acquisition of American CBD, Thoughtful Brands has acquired an abundance of hemp biomass along with a fully equipped and licensed 41,000 square foot facility that can process more than 1,200 pounds of hemp per day sourced in the eastern part of Kentucky, an area often called “The Hemp Capital of the United States”.
American CBD uses only all-natural hemp extract, produced through CO2 extraction, in its products with all-natural flavoring and ingredients to guarantee satisfaction.
Thoughtful Brands will utilize American CBD's technological and scientific expertise to enhance the formulations of the direct-to-consumer CBD brands currently under the company's umbrella.
This will also enable Thoughtful Brands to launch new superior quality, proprietary CBD brands utilizing American CBD’s highest quality hemp extracts in addition to becoming a wholesale supplier of hemp biomass.
The shares are trading at $0.07.
For more information, please visit the company’s website www.thoughtful-brands.com, contact Joel Shacker, President, at 604-423-4733 or by email at info@thoughtful-brands.com.
I’m Cassandra Bolinski for Investmentpitch Media
