On Tuesday, HempFusion, a leading U.S. hemp-based CBD company with distribution to over 3,400 retailers and an expanding product catalog, announced its engagement of RADD Capital, a partner of NetworkNewsWire, for advisory services related to its 2019 private funding initiative of more than $30 million. HempFusion co-founder and President Jason Mitchell noted in the release that the capital raised through the initiative is expected to be “a key building block to (HempFusion’s) planned growth and help accelerate (its) expansion throughout the United States and global markets including Europe, Asia, Australia, Canada, the Middle East and South America.” HempFusion is currently targeting over 26,000 new retail outlets, including conventional grocers, drug and convenience stores, vitamin and fitness shops and doctor and practitioner networks, in a global CBD industry that’s forecast by Brightfield Group to reach $22 billion by 2022.
Per the company’s website, HempFusion has been credited with creating a new category with the introduction of hemp-based nutritional supplements. Its product line is all natural, plant-based and predicated on the “amazing health benefits of (the company’s) proprietary Whole Food Hemp Complex derived from full-spectrum nutritional hemp as well as other botanicals and naturally occurring dietary hemp phytocompounds.”
To view the full press release, visit http://cnw.fm/F9IoL
HempFusion is a Life Sciences company engaged in advancements of the therapeutic benefits of hemp-based CBD products, through research, collaboration, sourcing, innovation, extraction, developing and marketing of products targeting Endocannabinoid System support. The Company’s primary focus is formulating and marketing consumer-specific product lines across multiple channels and distribution platforms. For more information, visit the company’s website at www.HempFusion.com
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