Leading hemp-based CBD company HempFusion this morning announced its engagement of RADD Capital for advisory services related to its 2019 private funding initiative, which is valued in excess of $30 million. RADD Capital has a proven track record in the hemp and cannabis industries, having previously led private financings and initial public offerings for Organigram, Emblem Corp., The Green Organic Dutchman and PLUS Products. Additionally, RADD Capital led a separate $6 million investment into HempFusion earlier this year. Per the update, HempFusion launched its current funding initiative as part of its plan to diversify its product offerings, launch a revamped e-commerce platform, expand retail distribution and significantly increase same store sales.
“HempFusion’s private funding initiatives, structured by RADD, have the ability to provide significant capital to rapidly capture market share and compete with the largest CBD companies in the industry,” Ian deQueiroz, CEO of HempFusion, stated in the news release. “We believe our team has built the entire platform for success including distribution channels, sales across 47 US states including Amazon.com, and a significant product portfolio. This capital allows for increased marketing spends, national education platforms, an increased salesforce, expanded distribution networks, hiring of key personnel and the launch of an entirely revamped e-commerce platform.”
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About HempFusion
HempFusion is a Life Sciences company engaged in advancements of the therapeutic benefits of hemp-based CBD products, through research, collaboration, sourcing, innovation, extraction, developing and marketing of products targeting Endocannabinoid System support. The Company’s primary focus is formulating and marketing consumer-specific product lines across multiple channels and distribution platforms. For more information, visit the company’s website at www.HempFusion.com
About RADD Capital
Founded by Rob Anderson, Dave Doherty, and Danny Brody, RADD Capital leverages its extensive industry expertise to capitalize companies within hyper-growth sectors that have established brands, best-in-class products, and driven management teams and transforms them into world-class companies. RADD partnerships provides unparalleled access to capital raising strategies, extensive cannabis and hemp sector expertise and M&A experience that together establish significant competitive advantages. RADD Capital has raised over $650,000,000 for cannabis companies since 2016. For more information, visit the company’s website at www.RADDCapital.com
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