Puration, Inc. Acquires CBD Sun Care Product Business
June 4, 2020
Puration, Inc. (PURA) announced the acquisition of a CBD-infused sun care product business as part of a broader campaign to acquire CBD-infused beverage, edible and topical brands. The deal expands PURA's consumer product portfolio and leverages its licensed cannabis extraction technology to enter the estimated $8.5 billion global sun care market.
- Buyers
- Puration, Inc.
- Targets
- CBD infused sun care product business (unnamed)
- Industry
- Consumer Products
- Location
- United States
- Transaction Type
- Buyout
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