Turnkey CBD formulator, private-label accelerator, and product distributor Taylor Mammon was acquired by US-based GenCanna.
WHO: Founded in 2018, UK-based Taylor Mammon is a white-label manufacturer and brand distributor of CBD-infused goods. Taylor Mammon sees the benefits in the power of CBD and has created a business model that affords its brand partners total ownership over their brands while enabling end consumers to benefit from the exciting applications of CBD.
GenCanna is a vertically integrated pioneer-producer of premium hemp-derived CBD and other cannabinoids in both bulk supply as well as in high-quality finished goods formulations. GenCanna’s optimized supply chain is built and operated under the strictest quality assurance standards and regulatory mandates and the company continues to achieve the industry’s most sought-after compliance validations, including the European FSA’s Novel Foods Application.
WHY: This deal culminates the evolution of a successful three-year relationship, in which GenCanna served, and will continue to serve, as Taylor Mammon’s primary source of CBD and other cannabinoids for infusion into brand products.
IN THEIR OWN WORDS: “We are delighted with the opportunity this acquisition affords us,” said Nathan Wogman, co-founder and Managing Director of Taylor Mammon. “GenCanna’s acquisition of Taylor Mammon positions us for significant international growth and to be a global leader in the CBD arena. Our partnership provides us with the financial and intellectual capital and discipline to accelerate our growth through product innovation, contract manufacturing, fulfillment, and distribution services.”
“As one of our long-term and valued customers, we admired Taylor Mammon’s philosophy and approach to CBD,” said GenCanna CEO Andrew Barnett. “This alliance—which we understand is the first of its kind for a UK-based CBD company—drives unique and mutually beneficial operational and marketing synergies that will catapult product development, sales, and revenue opportunities within our respective geographies.”
DETAILS:
