CBD brand Prima has acquired Maine-based Prospect Farms, one among the most important hemp farms within the U.S.
The newly formed company might be referred to as Uplifter Brands, and include a variety of clean brands across personal care, supplements, spa and hospitality and pet wellness.
Prima’s Laurel Angelica Myers and Prospect Farms’ Brad Tipper will lead Uplifter Brands as co-chief executive officers, while Prima founder Christopher Gavigan, previous cofounder and chief product officer of The Honest Company, might be executive chairman. Financial terms of the deal weren't disclosed.
With greater than 250 acres of regenerative cultivation, the farm holds a greenhouse, pharmaceutical-grade filing system, and on-site lab formulation and success to fuel growth for Uplifter Brands, in addition to uphold and expand...
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