Privateer Holdings has added an edibles company to its portfolio of marijuana companies, marking the Seattle company’s first foray into the infused merchandise sector.
According to a information launch, The Goodship, a Seattle-based marijuana edibles company, stated it had agreed to be a part of Privateer’s “family of brands.” Terms of the acquisition weren’t disclosed.
The information launch stated the 2 corporations plan to develop new merchandise and broaden the supply of The Goodship’s manufacturers throughout North America – together with Canada, which is getting ready to launch adult-use gross sales subsequent summer time.
“When regulations allow, yes we intend to bring The Goodship to Canada,” Privateer spokesman Zack Hutson advised Marijuana Business Daily in an e-mail.
Here’s what you want to know:
- Seattle-based Privateer Holdings additionally owns hashish web site Leafly, main Canadian licensed medical marijuana producer Tilray and Marley Natural, a California-based hashish model created in partnership with the household of reggae musician Bob Marley.
- The Goodship sells cannabis-infused chocolate bars, cookies, brownies and different merchandise.
- The acquisition comes after Privateer introduced in November that it might lay off a few of its workforce. That adopted job cuts of 15 Leafly staff a number of weeks prior.
- Privateer has raised greater than $150 million – together with $122 million in 2016 alone – to spend money on a portfolio of hashish manufacturers.
- The company now has greater than 500 staff in seven U.S. states and 7 nations.