Houston-based hemp processor and extractor Bayou City Hemp has purchased a retail company that makes hemp-derived CBD skin care, cosmetics and wellness products.
Bayou City Hemp, which applied for a Texas license in March and was busy setting up operations in Houston this spring, announced that the completed acquisition of Dallas-based LeafLife Wellness is part of its “aggressive growth plan” to become a vertically integrated CBD business.
The purchase price was not disclosed.
“The addition of a retail line that has the same emphasis on high-quality clean CBD and other key ingredients in its products made for a strategic fit within our organization,” said Scott Weldon, Vice President of Sales & Marketing of Bayou City Hemp in a statement.
Going forward, LeafLife Wellness products will be formulated exclusively with Bayou City Hemp distillate and isolate, which is extracted with carbon dioxide, according to the company.
LeafLife Wellness products are sold online and through distrubutors and white-label customers, Weldon said.
The combined company is now formulating new products including sun care, pet care, therapy and wellness products and a line specifically for men.
