UK-based CBD and health brand Naturecan has acquired IAH’s Oregon cannabidiol facility in the US for £8 million (about $10 million).
Naturecan did not specify how it will meet the purchase price.
advertisement
IAH Oregon, based in Medford, produced the CBD used in Naturecan products, according to a press release issued Wednesday.
“Naturecan will now ramp up its global supply of CBD oils, snacks, protein supplements, vitamins, and analgesics in addition to providing the purest CBD to other brands,” the statement noted.
Naturecan described its “industrial-scale centrifugation chromatography (CPC) technology platform for IAH in Oregon” as being capable of producing CBD distillates that are “very low THC.”
“We will be producing hundreds of kilograms per month of CBD through our high-tech refinement methods,” Naturecan CEO Andy Duckworth said in a statement.
advertisement
Naturecan said it had sales
Read the full article at Marijuana Business Daily
