US-based cannabis retail operator Curaleaf Holdings will acquire BlueKudu, a Colorado-based producer of cannabis chocolates and gummies. Neither company has divulged any of the deal’s financial details.
Curaleaf CEO Joe Lusardi said: “Colorado is the second largest cannabis market in the US with sales surpassing $1.7bn in 2019. With over eight years of operating history, BlueKudu has developed a strong brand for customers seeking premium cannabis products in a diverse range of flavours and formulations. BlueKudu’s established production and distribution capabilities will allow Curaleaf to seamlessly enter the market and expand the Select brand presence in the state of Colorado.”
Established in 2011, industry experts believe BlueKudu to be one of the oldest edible manufacturers in Colorado. The company operates across 16 states and employs over 2,200 people.
The company reportedly manufactures its products using ingredients produced at Rainforest Alliance Fair Trade certified farms. Its artisanal cannabis products have both vegan and gluten-free options.
Its products are available in a wide range of combinations, such as toffee and almond milk chocolate, and coffee and dark chocolate.
Over 200 retail locations throughout Colorado currently stock BlueKudu’s products. This acquisition will allow Curaleaf Holding to expand its recently acquired Select brand throughout the state of Colorado.
Once the deal closes, Curaleaf will operate an 8,400ft² infusion kitchen and processing facility in Denver, Colorado.
