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.”