- HempFusion’s acquisition of Sagely Naturals opens the company to over 14,000 additional retail stores
- It marks a massive milestone following the $17 million TSX IPO in January 2020
- HempFusion looks to more than triple its 2020 revenue as this is part of the company’s expansion plan for 2021 and beyond
- The move builds on HempFusion’s five-channel strategy while playing into Sagely Naturals’ opportunities and strengths
2021 is proving to be a good year for
HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO). In January, it completed its $17 million IPO to start trading on the Toronto Stock Exchange (“TSX”) (
https://cnw.fm/I02G7). Fast forward to July; the company acquired Sagely Naturals in its most significant move yet as it works on a five-channel expansion strategy to conquer various markets, including the Middle East, China, India, Mexico, Europe, and South Korea (
https://cnw.fm/Cy1BJ).
HempFusion’s acquisition of Sagely Naturals opens it to an additional 14,000 stores along with the latter’s retail distribution footprint. It also opens the company to product efficiencies across the topicals line while…
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NOTE TO INVESTORS: The latest news and updates relating to CBDHF are available in the company’s newsroom at
https://cnw.fm/CBDHF
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