Kadenwood, LLC has announced the acquisition of EcoGen Laboratories, a leading global manufacturer and supplier of hemp-derived CBD materials and formulation.
FREMONT, CA: Kadenwood, LLC, is a consumer seed-to-shelf CBD organization devoted to promoting trust and transparency in the mainstream wellness category. Recently the company has announced the acquisition of EcoGen Laboratories. It is a leading global manufacturer and supplier of hemp-derived CBD materials and formulations. The agreement will successfully establish Kadenwood as the biggest supplier of vertically integrated, hemp-derived cannabidiol (CBD) in the US. It will also expand the organization’s ability to scale production of its quality-driven CBD products.
The world’s first largest manufacturer of hemp-based ingredients and raw materials, EcoGen, uses sustainable farming practices to ensure that quality CBD products are accessible to mainstream consumers. Moreover, in 2019, the company generated almost $63M in revenue through the sale of CBD so that it can privately label brands and retailers and closed on $40M in private funding before this year to grow its global market.
Presently, the CBD industry is recovering from the effects of the COVID-19 pandemic, s the demands of consumers are increasing rapidly. The purchase has also permitted EcoGen to benefit from Kadenwood’s distribution channels while using its executive leadership team's expertise and oversight. Supported by ages of branding and management experience in the consumer-packaged goods space, Kadenwood is in a better position to increase EcoGen’s business and lead this recovery while setting the standard for quality, safety, and the process to scale effectively.
Erick Dickens, CEO and Co-Founder of Kadenwood, LLC., said, “We’re committed to improving not just our brand, but the perception of our industry overall, and that starts with ensuring consumers have access to quality CBD products they can trust.EcoGen has maintained a commitment to producing sustainable and consistent CBD and we’re happy to bring them under the Kadenwood brand as we expand our offering of exceptionally pure CBD products that continue to set the industry’s standard of quality.”