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.”
To view the full press release, visit http://nnw.fm/5TFt7
To learn more about RADD Capital and its partnership with NetworkNewsWire, visit http://nnw.fm/ms1Jk
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
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive instant SMS alerts, text STOCKS to 77948
For more information please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com