CBD brand swoops in £8m takeover deal for US producer
Stockport CBD brand, Naturecan, has clinched the £8m takeover of a CBD production facility in America.
It has added the IAH Oregon facility on the west coast of the US to its group of companies.
IAH Oregon has produced the CBD in Naturecan’s best-selling products, all of which are created using certified organic hemp sourced from the best Oregon farms.
Now Naturecan will ramp up production of its global supplies of CBD oils, snacks, protein supplements, vitamins and balms as well as supplying the purest CBD for other brands.
Naturecan has 60 staff and is based at St Petersgate in Stockport.
Chief executive, Andy Duckworth, said: “This is a very exciting time for Naturecan.
“We have acquired what we believe to be one of the world’s best CBD extraction facilities.
“IAH contains an industrial-scale Centrifugal Partition Chromatography (CPC) technology platform. This allows us to produce CBD distillate with ultra low THC (73ppm) which means that the distillate can be used as an ingredient in even the most strict markets around the world.”
He added: “The process also recycles solvents, using far less than traditional chromatographic methods. This results in a greener and more sustainable solution and minimises the environmental impact.
“We will be producing hundreds of kilograms a month of CBD through our high-tech refinement methods.”
Co-founder, Paul Finnegan, said: “The most exciting part of the acquisition of IAH for me is our new research and development capabilities for minor cannabinoids, in the facility.This will allow us to keep creating the best, most innovative products for our customers globally.”
Brian Vifian, general manager of IAH Oregon, said: “Over the last four years we have watched the phenomenal growth of Naturecan and are so excited to be part of the group. Naturecan’s first priority has always been quality of product which fits with IAH ethos perfectly.”
Naturecan, a CBD health business backed by ex-England cricketer Freddie Flintoff, boasts sales of £12m last year, with revenue for 2023 projected to surpass £18m.
It sells CBD globally and is dealing with record demand in the UK as well as territories across Europe and Asia, where, it says, the health benefits of CBD have been recognised for years.
One of the purification machines at IAH Oregon
IAH Oregon’s purification facility manufactures superior bulk broad spectrum distillate products rich in CBD and minor cannabinoids for the international business-to-business marketplace.
The state-of-the-art facility can accommodate large scale orders with consistent, high potency CBD formulations – which can all be tailored to a customer’s unique needs.
It achieves a premium hemp extract product starting from seed by collaborating with trusted hemp farmers and scientists to make the most out of the world’s latest purification instrument.
The high potency products meet global requirements across many continents for testing and product specification.
Andy Duckworth co-founded Naturecan four years ago after leading Myprotein for five years, because he could see the huge global market for CBD products as its health benefits became better understood.
