Kadenwood LLC, a newly launched brand development firm with eyes on the global hemp industry, announced today its acquisition of EcoGen Laboratories, a Colorado-based CBD product manufacturer that drew $63 million in revenue last year. For the early days of the U.S. hemp industry, this is a big deal.
Garrett Bain, chief commercial officer for Kadenwood, told Hemp Grower that the company has experienced a fast entry into the hemp marketplace, with an emphasis on CBD products and wellness brands. Earlier this year, Kadenwood launched LEVEL SELECT, a new brand of CBD oil drops that come in 1,200-, 2,400- and 5,000-mg sizes.
“With that experience, they really wanted to build a vertical story,” Bain said. “Having access to the genetics and processing to support the portfolio of brands was really a priority for the executive group at Kadenwood.”
It’s a team that’s established itself with CPG bonafides. Kadenwood executives hail from King’s Hawaiian and Kraft. The chair of Kadenwood’s board comes from LifeLock.
Kadenwood’s agricultural vertical, Kadenwood Biosciences, will be re-branded as EcoGen Biosciences—a wholly owned Kadenwood subsidiary.