N2 Logics Inc. has purchased Bloom Botanics, the Europe-based CBD online superstore and provider of complex mushroom blends.
The news is confirmed Monday by New Wave Holdings Corp. SPOR TRMNF, which owns an interest in the digital marketing portfolio company.
The Toronto-based company also said that N2 agreed to manage the e-commerce strategy.
"Our goal is to distribute and provide consumers access to products that improve human functionality and performance," Daniel Fox, who was recently named the company's CEO, noted.
"With N2's leading eCommerce strategy, we expect to continue to generate significant high margin online growth starting in Europe then quickly expanding into North America and the rest of the world," he continued.
As a CBD and nutraceuticals online superstore which distributes various health and wellness products, Bloom Botanics has access to more than 1,500 SKUs.
"Healthier and more natural plant-based health and wellness products are continuing to grow in importance in today's society," Fox added.
Courtesy image
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.