cbdMD Announces Acquisition of Twinlab Brands
cbdMD has entered into a definitive asset purchase agreement to acquire key operating assets and brands from Twinlab, including well-known names such as Reserveage, Metabolife, and Alvita Tea. The acquisition is expected to expand cbdMD's portfolio in the health and wellness sector. The deal marks a strategic move for cbdMD to strengthen its market position by integrating established consumer brand recognition with its own offerings. While specific financial terms of the transaction were not disclosed, the company emphasized that this step aligns with its long-term growth strategy.
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Topics: acquisition brands CBD industry