CBD NEWS

Sky Wellness’s D Oh Gee and EquineX Wins 2022 World CBD Awards

Sky Wellness’s D Oh Gee and EquineX have been announced as winners of the 2022 World CBD Awards for Best Pet Range.

The company was recognized for its CBD pet wellness products, including CBD Dog Oil Drops, CBD Daily Duck Bites, CBD Daily Turkey Chewies (also the winner of the 2022 Product of the Year award by Kantar in the CBD Pet category), CBD Horse Supplement Granules, CBD Horse Muscle & Joint Rub and CBD Horse Bites.

The World CBD Award certificate of excellence was given to Thom Brodeur, CEO of Sky Wellness, during the organization’s annual gala and awards ceremony in Barcelona, Spain.

“To see our work recognized by such an esteemed organization and awards program is an honor,” said Sky Wellness CEO Thom Brodeur. “Thirteen finalist placements and this win for our D Oh Gee and EquineX pet brands speak to our team’s dedication to the science and compliance rigor required to meet this important market need of CBD for pets. This is the second award

Sunmed | Your CBD Store Reveals New Wellness Product Offerings

Sunmed | Your CBD Store has launched two new products: Energy Water Enhancer and TRIM Gummies.

Available exclusively at Your CBD Store retail locations, these new offerings expand existing Sunmed lines. The company said the new products were developed to encompass a wide range of vehicles for CBD to provide benefits for every individual, no matter where they are in their wellness journey.

“Sunmed | Your CBD Store is committed to consistently bring new and innovative products to our customers, backed by extensive third-party market research,” said Marcus Quinn, CEO and co-founder of Sunmed | Your CBD Store.

Sunmed Energy joins the water-soluble, water enhancer product line to make it easier to enjoy the benefits of CBD on the go, with 10 mg of total cannabinoids per serving. Perfect to kickstart the workday or power through the mid-day slump, Sunmed Energy features a power blend with caffeine, taurine and guarana extract, as well as vitamin C, B6 and B12 for added wellness support. Other water enhancer products include Sunmed Wellness with vitamin C, B6 and B12, and Sunmed Hydrate for active lifestyles, packed with added vitamin B6 and B12 and electrolytes including calcium, potassium, sodium, chloride and magnesium.

Featuring full-spectrum hemp, the new TRIM Gummies feature NITRO-V extract, turmeric and apple cider vinegar to support weight loss, the company said. The remaining TRIM line includes softgels and a tincture, all of which feature THC-V and CBD-V. this year for D Oh Gee, a remarkable product line with sell-throughs leading in all the channels we are in.”

The company said the event celebrated excellent CBD and hemp products that have been deemed safe, compliant and effective for the customers. Brands across the globe were nominated and honors were awarded to “those who go the ‘extra mile’ making the industry a safe and respected marketplace; showing they operate with integrity, transparency and ethical business practices,” the World CBD Awards’ said.

Bloomios Completes Acquisition of Upexi

Bloomios, a private-label manufacturer and wholesaler of hemp-derived nutraceutical, cosmetics and pet products, has acquired Infusionz, a wholly owned subsidiary of Upexi.

Moving forward, Bloomios will manufacture products retained by Upexi and Upexi has provided significant financing to enable this transaction. The acquisition includes Infusionz’s portfolio of CBD gummy brands and customers, along with its associated order flow, product formulations, manufacturing operations, equipment and sales team, the companies said.

“This acquisition is highly accretive and we believe that it will position Bloomios to uplist to Nasdaq,” said Barrett Evans, president and chief strategy officer of Bloomios. “Further, it will allow the company to acquire additional complementary manufacturing operations and brands.”

The total purchase consideration of approximately $23.5 million consisted of $5.5 million in cash and $18 million of non-cash consideration.

The added operations are expected to more than double Bloomios’s current production capacity across key production lines, while reducing redundant costs across both the acquired and existing operations.