CBD of Denver Signs Agreement to Acquire CBD E-Commerce Distribution Platform and Technology Company Mellow
Denver, Colorado–(Newsfile Corp. – April 5, 2022) – CBD of Denver, Inc. (OTC Pink: CBDD), a distributor of CBD and unique CBD products sold in Switzerland and throughout Europe, is pleased to announce it signed an agreement to acquire 100% of Mellow, a CBD ecommerce distribution platform and technology company, with capabilities in the UK, Europe, and Asia, for an undisclosed sum. The acquisition is expected to close in the second quarter of 2022.
“I am excited to welcome the team from Mellow into the CBD of Denver family. This acquisition will combine technology and retail e-commerce distribution alongside manufacturing and supply chain infrastructure to create a turnkey solution for the CBD industry across Europe. There is no other company in the industry now offering what we do in Europe,” said Paul Gurney, CEO of CBD of Denver.
“With operations in Asia, Mellow also gives us an entrance into the rapidly evolving CBD markets in the fast-growing Asia Pacific region,” continued Gurney. “The Mellow technology stack will accelerate our plans to become the go-to name for cannabis across all parts of the value chain in international markets.”
“By combining our technology infrastructure, market entry capability, and experience in building and growing multi-brand ecommerce marketplaces with the distribution capability and in-market sales channels of CBD of Denver, we believe this is a remarkable opportunity,” says Neil Tunbridge, Co-Founder of Mellow. “The result will be a truly end-to-end, technology-led CBD/cannabis business, based in Europe, but with global capability and scale.”
James Storie-Pugh, Co-Founder of Mellow, added, “We believe that this is a remarkable opportunity for two already successful yet complimentary businesses to come together to create a virtually incomparable industry powerhouse. The capability to offer biomass, extraction, manufacturing, supply chain, and distribution, as well as providing supporting digital marketing and ecommerce capabilities is unrivalled. Additionally, […]
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