Fort Collins-based Cannagea CBD Acquired by CannaCo CBD of Trinidad, CO
FORT COLLINS, CO – Josh Bleem, President/CEO of CannaCo located in Trinidad, Colorado, announced today the acquisition of Cannagea CBD of Fort Collins, Colorado. CannaCo Is a subsidiary of CJ Equities, LLC and has operated in the CBD/Hemp sector under the brand cannacoCBD, LLC, also a subsidiary of CJ Equities, LLC. Mr. Bleem indicated that the acquisition of Cannagea is in line with the company’s growth and acquisition strategy and welcomes Cannagea to our group of companies.
The acquisition will help Cannagea CBD to reach out to a larger, national audience with its quality non-psychoactive products made with Colorado-grown, 100% USDA organic hemp. According to Cannagea founder John Vail, the acquisition will make it possible for Cannagea CBD to lower the cost of its CBD and hemp products so that more people in Colorado and across the country can experience their benefits.
Cannagea CBD was launched in 2016 after Vail sought relief for chronic knee pain and inflammation. He turned to local hemp growers in Colorado who helped him formulate a CBD tincture that eliminated his knee pain completely. “My knee pain was so intense that I could no longer work, CBD completely got rid of the pain,” says Vail. “Once I personally experienced the benefits of CBD, I knew that it could really do some good,” Vail continues. “Cannagea was launched with the goal of providing effective CBD products nationwide at an affordable price. This is a product that can change lives, my life is a testament to that.”
Vail continued working with local growers, seeking out the highest quality Colorado-grown hemp for his tinctures and other products. Vail opened Cannagea CBD and began manufacturing high-quality cannabidiol products and distributing them directly from his shop on South College Avenue in Fort Collins. Today, Cannagea CBD produces and sells oils, lotions, salves, tinctures, CBD edibles and pet products, recognized for their quality and reasonable prices. All are made with Colorado-grown hemp, raised without pesticides, fungicides, herbicides, synthetic fertilizers or any hazardous chemicals. All Cannagea products are third-party tested for safety, purity, potency, and consistency.
In 2017, CannaCo made the strategic decision to enter the CBD industry opening its first brick and mortar retail CBD store. “CBD went hand in hand with our cannabis business that opened its first store in April 2015,” says Bleem. “While some people like the psychoactive properties of the cannabis plant, others wanted to experience natural alternatives without the high, making CannaCo CBD a great alternative to recreational marijuana and prescription medication,” says Bleem.
Speaking on the March 2020 acquisition Bleem says, “When we introduced Cannagea products into our CannaCo CBD retail stores, they quickly became the top-selling products. Cannagea brings a strong manufacturing and wholesaling component to CannaCo CBD. Vail and I both agreed this was the best path forward for the two companies. We both consider this to be a friendly acquisition that mutually benefits both companies. Vail and his outstanding team blew me away with their exceptional customer service and professionalism, which is sometimes difficult in this industry. When Vail hand-delivered products to our stores, and treated us like family, I knew they had something special and we wanted to be a part of it”.
Cannagea CBD will serve as the manufacturing arm for CBD products sold by Cannagea, CannaCo CBD and CannaCo. Cannagea will continue to sell its products through retail and wholesale channels. With the current COVID-19 crisis, Cannagea’s retail shop is closed per the government order, but the staff is taking online and phone orders and providing free same-day home delivery for residents Fort Collins, Windsor, Loveland, Laporte and Timnath with orders of $45 or more.
To learn more about Cannagea, visit https://cannagea.com/ or call 970-999-5712.
Cannagea CBD is located at 2716 South College Avenue, Suite D, Fort Collins CO 80525
CannaCo CBD Fort Collins is located at 3645 S College Ave #5, Fort Collins, CO 80525
CannaCo CBD Trinidad is located at 3031 Toupal Dr, Trinidad, CO 81082