CannabisNews420.com – Cannabis/Marijuana Industry News
CBD-infused products company Puration (Pura) has acquired CBD confection business Hemp4mula from Kali-Extracts (Kaly), as it looks to expand its portfolio.
The Hemp4mula CBD confections range currently features CBD-infused gummies and gum.
Kaly, owner of a US-patented cannabis extraction process, is selling its confection line to streamline its focus on its cannabis biopharmaceutical business.
The company’s proprietary CBD formulation was developed to treat symptoms of respiratory conditions including chronic obstructive pulmonary disease (COPD).
Pura recently announced an acquisition campaign targeting CBD-infused beverage, edible and topical operations and also reported securing a $5 million investment to fund these plans.
News of the Hemp4mula deal follows the announcement last month of Pura’s acquisition of a CBD-infused pet products operation.
Financial terms of the Hemp4mula deal have not been disclosed.