Puration announced an agreement to acquire a CBD infused sun care company, which will be the company’s third CBD acquisition of 2020.
“The campaign is intended to target a robust market of creative and promising young companies starved for investment in the waning 2019 cannabis capital market. Prior to the acquisition today, PURA has acquired a CBD confections company and a CBD pet products company.”
Puration Inc.
The company acquired is currently unknown but the global market for sun care products today is $8.5 billion and estimated to reach over $10 billion by 2024.