M&A Agreement Expected to Boost Reputation, CBD Retail Channels for HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), Sagely Naturals

June 16, 2021 08:00:49
  • Health and wellness supplement producer HempFusion Wellness, Inc. is aggressively expanding its reach in retail outlets across the United States and internationally to cement its leadership position in the CBD industry and prepare it for further growth
  • The company recently announced an agreement that will grant it 100 percent interest in successful CBD pioneer Sagely Naturals, which has built its brand on women-centric products
  • Sagely Naturals is the third-most successful CBD brand and the most successful CBD topicals brand, with 23 percent market share in the drug channel and 13.8 percent market share in the multiple outlet channel
  • The M&A agreement will grant Sagely Naturals access to international markets through HempFusion’s channels, while HempFusion will make a huge leap in domestic outlets through Sagely Naturals’ channels
An M&A agreement between health supplement innovator innovator HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) and women-centric CBD topicals powerhouse Sagely Enterprises, Inc. (“Sagely Naturals”) is expected to exponentially expand both brands’ market reach in domestic and international outlets. The merger and acquisition agreement, announced May 25, will grant HempFusion immediate access to an additional 14,000-plus stores where Sagely Naturals are sold, while Sagely Naturals will receive inclusion on… Read More>> NOTE TO INVESTORS: The latest news and updates relating to HempFusion are available in the company’s newsroom at https://cnw.fm/CBDHF About CBDWire CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge. To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CBDWire.com Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer Do you have questions or are you interested in working with CNW? Ask Our Editor CBDWire (CBDW) Denver, Colorado www.CBDWire.com 303.498.7722 Office Editor@CBDWire.com CBDWire is part of the InvestorBrandNetwork.