Cv Sciences, Inc. Acquires Cultured Foods To Enter Plant-Based Food Market, Opening Door For European Distribution
Acquiring Company
CV Sciences
Acquired Company
Cultured Foods
San Diego
PuławyOtherHealth CareFitnessWellnessHealth CareDescription
CV Sciences, Inc. (OTCQB:CVSI) (the "Company", "CV Sciences", "our", "us" or "we"), a preeminent consumer wellness company specializing in hemp extracts and other proven science-backed, natural ingredients and products, today announced that it has consummated its purchase of Cultured Foods, a leading manufacturer and distributor of alternative plant-based vegan foods. Cultured Foods produces a variety of curated plant-based products, currently sold in 15 different European countries, with its base of operations in Warsaw, Poland. The acquisition creates opportunity for importation of these specialty foods to the US and establishes a European base of operations for the sale and distribution of +PlusCBD products, opening doors to numerous new retail and distributor partners. In addition, it helps accelerate CV Sciences transition to a more diverse global health and wellness company. The acquisition was structured as an equity purchase, where the Company will operate Cultured Foods as its wholly-owned subsidiary.
Quick answer
CV Sciences is acquiring Cultured Foods, announced December 12, 2023. CV Sciences is based in San Diego, California, United States.
- How much did CV Sciences pay for Cultured Foods?
- The deal value was not disclosed.
- What does CV Sciences do?
- The Company expects to use net proceeds of approximately $1 million, before deducting transaction fees and other estimated transaction expenses, from this offering for general corporate purposes which may include,..
- Where are CV Sciences and Cultured Foods based?
- CV Sciences is based in San Diego, California, United States. Cultured Foods is based in Puławy, Lublin Voivodeship, Poland.
- Who are the decision-makers at CV Sciences?
- Fundz holds 1 contact at CV Sciences. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Cultured Foods?
Cultured Foods was acquired by CV Sciences, based in San Diego. The deal was reported on December 12, 2023. CV Sciences is publicly traded (CVSI) and operates in Other.
When did CV Sciences acquire Cultured Foods?
CV Sciences's acquisition of Cultured Foods was reported on December 12, 2023. CV Sciences, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cultured Foods do?
WELCOME TO CULTURED FOODS! Whether you are living a vegan or flexitarian lifestyle, we are here to help you make healthy food choices and have great flavors in your life. It is privately held, operating in Health Care, and is based in Puławy.
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