Edison Nation Acquires HMNRTH Nutraceutical Line, a Leader in Cannabidiol Health and Wellness Products
EDISON NATION (EDNT)
Company Research
Source: Business Wire
BETHLEHEM, Pa.--(BUSINESS WIRE)--Edison Nation, Inc., a multifaceted ecosystem that fosters innovation and drives IP, media and consumer products, is pleased to announce the acquisition of HMNRTH Nutraceutical’s line of Cannabidiol health and wellness products. HMNRTH’s Cannabidiol product line includes a unique blend of oral sprays and topical ointments.With the U.S. CBD market heading to $23.7 Billion by 2023, according to a Brightfield Group research report, HMNRTH allows for rapid sales growth and expansion for Edison Nation. “The expansion into Nutraceuticals and consumables has been a strategic goal for us over the last year,” said CEO Christopher Ferguson. “HMNRTH is the first acquisition in the consumables arena, and we look to leveraging our innovation platform to expand the brand and product lines to identify other synergistic opportunities in the consumables category.”The existing product line includes oral sprays specifically formulated for morning, daytime and evening
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