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INDUS HOLDINGS ACQUIRES HUMBLE FLOWER CO. PORTFOLIO OF BRANDS

May 20, 2019
May 20, 2019

As part of its ongoing commitment to provide access to the most innovative and useful cannabis products on the market, Indus Holdings has acquired the assets and global rights and business of Humble Flower Co.

WHO: Humble Flower Co. is a female-owned and -operated company founded in Humboldt County, California, and now based in Los Angeles. Inspired by the many healing properties of cannabis, Humble Flower Co.’s founders are committed to providing the highest-quality line of hemp-based CBD and cannabis-infused topical products. Humble Flower Co. prides itself in using all-natural and ethically sourced ingredients, as well as recyclable packaging. Humble Flower Co. lotions and oils are available at licensed dispensaries and retailers throughout California.

Indus Holdings is a vertically integrated cannabis company with world-class production capabilities, including cultivation, extraction, manufacturing, brand sales & marketing, and distribution. Founded in 2014 by hospitality veteran Robert Weakley and based in Salinas, California, Indus offers services supporting every step of the supply chain and an extensive portfolio of award-winning brands, including House Weed, The Original Pot Co., MOON, Acme, Beboe, Dixie Elixirs & Edibles, and Orchid Essentials. Indus Distribution, a division of Indus Holdings, is a leading distributor of cannabis products, servicing an extensive portfolio of brands and licensed retailers throughout California.

IN THEIR OWN WORDS: “Indus Holdings, Inc. and Humble Flower Co. are perfectly aligned in our shared commitment to quality, integrity, and teamwork,” says Humble Flower Co. Chief Operating Officer Jordan Darian. “We are deeply honored and beyond excited that this partnership will bring Humble Flower Co. products to a larger audience.”

“The cannabis landscape is constantly evolving with new products designed for pain relief and relaxation,” says Indus Holdings, Inc. co-founder and Chief Executive Officer Robert Weakley. “We couldn’t be more excited to add an established, forward-thinking, female-led brand like Humble Flower Co. to our portfolio, and we’re thrilled that more consumers will benefit from having greater access to their products.”

DETAILS:

  • After going public April 30, California-based Indus Holdings acquired Humble Flower Co.
  • Under the terms of this non-material transaction, Indus will pay an undisclosed amount of cash consideration.
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