We are excited to announce that we’re taking another step forward in our journey to improve lives, naturally. We started with this mission to help give people, like you, access to The World’s Most Trusted Hemp Extract™. That is why we’re excited to announce that today we have entered into an agreement to acquire Abacus Health, Based in Woonsocket, R.I., the market leader in over the counter (OTC) topical products with active pharmaceutical and natural ingredients, including hemp extract.
Founded in 2014, Abacus is a leading player in the OTC topical category. Through its CBDMEDIC™ portfolio, Abacus’ patent-pending technologies deliver over OTC topicals with active pharmaceutical ingredients to target specific pain relief need states. The CBD CLINIC™ portfolio of pain-relieving massage oils, ointments, and creams sold exclusively to licensed health practitioners. Abacus also has a leading position in the OTC personal care category through their Harmony Hemp brand.
This announcement is just the first step in the process. We expect to complete the transaction in the second quarter, subject to meeting closing conditions, which include regulatory approvals. Until that time, it is business as usual for us – providing you great service and the delivery of safe products right to your door. We look forward to being able to further our mission together by giving the world access to the broadest range of high-quality and trusted hemp-derived CBD products.
We can't wait to welcome Abacus to our Charlotte’s Web family. When the acquisition is completed, we will share more with you all.
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