CBD sexual-health company expands scope with California acquisitions

A Canadian marijuana company that specializes in sexual-health products has acquired two California companies to expand its CBD business in the United States.

Rise Life Science of Toronto closed the deal Tuesday to acquire Cultivate Kind, a marketing company, and Life Bloom Organics, which makes CBD products.

Rise paid $500,000 and issued 2 million common shares to the sellers of the two companies.

The acquisitions also expand Rise’s focus. The company will add brands to treat pain and sleep disorders while starting a new line aimed at sexual dysfunction. All its CBD brands are derived from hemp.

The acquired companies are both in Malibu, California.

Rise trades on the Canadian Securities Exchange as RLSC.

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2 comments on “CBD sexual-health company expands scope with California acquisitions
  1. George Bianchini on

    “The acquisitions also expand Rise’s focus. The company will add brands to treat pain and sleep disorders while starting a new line aimed at sexual dysfunction. All its CBD brands are derived from hemp”
    These sure sound like a hemp CBD supplements to me. I hope they realize that the BCC just arranged to make them illegal in California.
    ““Until the FDA rules that industrial hemp-derived CBD oil and CBD products can be used as a food or California makes a determination that they are safe to use for human and animal consumption, CBD products are not an approved food, food ingredient, food additive or dietary supplement,” the California agency noted.”
    See: California CBD industry scrambles to adjust to food rule ‘roller coaster’
    Published July 18, 2018 | By Kristen Nichols and John Schroyer

    Reply

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