Good Hemp To Acquire Sacred Leaf Processing, Packaging Center
Good Hemp, Inc. has entered into a non-binding letter of intent to acquire Sacred Leaf, LLC, and its affiliated entities. Sacred Leaf is a CBD and hemp enterprise consisting of a processing and packaging center for health and wellness products and a retail business consisting of five brick-and-mortar locations throughout Kansas and Texas, 35 franchise locations and more than 50 wholesale accounts nationwide, reaching consumers in the United States, Canada, Central America and Europe.
Sacred Leaf products are some of the highest quality hemp products on the market and are made in the USA. Sacred Leaf’s goal is to provide the highest quality hemp derived products to customers in a multitude of ways. It is this principle care that has allowed Sacred Leaf to humbly grow from one location in Lawrence, Kansas, to a franchised national brand with 35 stores in multiple states in just a few short years.
Sacred Leaf products start with patented strains of hemp that are planted in over 1,200 acres of organic hemp fields in the U.S. When it comes time to harvest, Sacred Leaf transports the raw materials to a 22,000 square-foot lab where the product goes through a cold-pressed CO2 extraction process to produce some of the highest quality finished product. Each batch is tested before being sent to Sacred Leaf stores across the country.
“We believe this acquisition will be a game changer for Good Hemp,” said Good Hemp CEO Bill Alessi. “Trevor, Sacred Leaf’s founder and CEO, has pioneered, and in our opinion, conquered the CBD retail space in a volatile time and possesses the tenacity to continue that drive into the world of franchising. With the potential added retail exposure in CBD-specific brick and mortar stores for Canna Hemp and Good Hemp Fizz and 2oh! beverages as well as our recently launched Good Hemp Wellness product line, we don’t think we could have found a better partner than Sacred Leaf to streamline our operating costs and gain targeted sales.”
The integration of Sacred Leaf and Good Hemp, Inc. could help to strengthen the existing hemp products under the Good Hemp beverage portfolio including Canna Hemp, Good Hemp Fizz and Good Hemp 2oh!. Additionally, the U.S. Hemp Authority certified Good Hemp Wellness CBD softgel product should seamlessly fit into the Sacred Leaf portfolio. Both companies expect to benefit from economies of scale associated with increased collaboration in the health and wellness industry if the acquisition is completed.
“We are very excited about joining forces with Good Hemp and their partners at Spire Sports and Entertainment,” said Sacred Leaf’s Burdett. “My core focus for 2021 and beyond is to grow the Sacred Leaf brands, that would also include Good Hemp brands, through further franchising and brand exposure. We are a small start-up that did things the old-fashioned way through planning, determination and plain ole grit. It seems Good Hemp operates in the same manner. I look forward to having their support and drive behind me as we continue our strategic growth path.”