Brands to be sold include R.W. Knudsen, TruRoots, and Santa Cruz Organic beverages.
December 17, 2021
The J.M. Smucker Co. announced an agreement to sell its natural and organic beverage and grains businesses to Nexus Capital Management LP in a cash transaction valued at approximately $110 million.
Branded Legacy, a holding company focused on the commercial development of hemp and cannabinoid-infused beverages, along with an array of CBD topicals and tinctures announces increased sales due to Spikes CBDX. The Company has seen an over 80% increase in revenues over its previous quarter in 2021.