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apothecanna cbd cream

“This sale marks the end of a 12-year journey,” said Apothecanna founder and CEO James Kennedy. “We could have never imagined the widespread consumer acceptance and scientific validation that has occurred [in the industry] over the past decade. Apothecanna joining forces with HempFusion and a visionary like Jason Mitchell makes me tremendously proud and excited for the future of the brand.”

“My mentor, Aveda founder Horst Rechelbacher, taught me the power of plant-based formulations and trusting the ingredients,” added Kennedy, who worked as senior designer for Aveda in product development and retail design and for Rechelbacher’s offshoot Intelligent Nutrients (I-N) as creative director. “Using the cannabis plant as our guide, we were able to embrace uncertainty and focus on delivering the best possible experience for our customers. Apothecanna products opened the door for tens of thousands of new customers, many of which had never previously had experience with CBD.”

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Founded in 2009 in a warehouse in Denver’s River North Art District, where it still maintains its headquarters, Apothecanna pioneered the cannabis topical category with plant-based body care products.

HempFusion will pay $15 million in a stock-and-cash combination to be determined later. The deal also calls for HempFusion to pay another $10 million if certain revenue targets for Apothecanna are met within 12 months. Apothecanna’s revenue in 2020 totaled over $4 million, double the dollar amount of HempFusion’s historical revenue. Prior to the sale, Apothecanna raised $3 million in seed round funding from private investors.

The timing for growth was fortuitously timed following the hire of Jeff Henretig, who Apothecanna appointed as president in July 2020. Henretig was tapped from fellow CBD wellness leader Lord Jones, where he served as CFO and guided the $300 million sale of the firm to The Cronos Group (NASDAQ:CRON), a global cannabinoid corporation based in Toronto.

80 Chilkoot Way
Whitehorse YT Y1A 6T5

This moisturizing body cream is loaded with the quality natural ingredients arnica, peppermint and juniper and contains a balanced amount of THC and CBD. Massage into the skin. Try refrigerating for an extra refreshing sensation after sun or physical activity. Avoid broken skin and sensitive areas. For topical use only. Trusted Apothecanna product with the goodness of 48North.

80 Chilkoot Way
Whitehorse YT Y1A 6T5

Whitehorse

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