A privately held CBD consumer packaged goods company has purchased an Oregon-grown CBD brand and with it, increased its distribution access to 18,000 retail stores nationwide.
Kadenwood LLC, based in Newport Beach, California, announced Wednesday that it has acquired the Social CBD brand from Portland-based Sentia Wellness.
Terms of the deal were not disclosed.
The acquisition widens Kadenwood’s retail distribution network for its portfolio of products containing CBD isolate and broad-spectrum products to 18,000 stores, including major drug and grocery stores.
The addition of the Social CBD brand adds its selection of topicals, oil drops, gummies and gel capsules to Kadenwood’s consumer product line-up.
Social CBD targets a younger demographic, expanding access for Kadenwood’s products to mass-market consumers, according to a company statement.
“With the addition of Social CBD to our family of wellness brands, we’re expanding consumer access to a wider variety of high-quality CBD solutions via major retail locations around the United States,” said Kadenwood CEO Erick Dickens.
“With its focus on delivering natural, trusted CBD solutions for everyone, Social CBD supplements our current portfolio perfectly.”