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Powerful Nutrition and MMG Consumer Brands have come together and rebranded as Powerful Brands, dedicated to bringing unique, bold, and innovative consumer products to market. Powerful Brands boasts a growing portfolio of health and wellness brands including Powerful Nutrition (formerly Powerful Foods), offering high-protein foods, drinks, and dietary supplements to fuel active lifestyles; and MMG's hemp-derived CBD brands – KARIBO Beauty and mintedLeaf - found in food, drug, and mass stores.
Many retailers and manufacturers are still playing catch-up to that demand, putting in play billions of dollars in sales, according “2019 CBD Market Survey,” a study produced by A.T. Kearney, Chicago.
Consumer attitudes toward CBD indicate that there is a large demand for products containing the ingredient across the food sector, according to a study produced by FMCG Gurus, UK.
The CPG industry is undergoing significant change, with consumer preferences shifting rapidly and retailers adapting in the face of heightened competition.
The market for cannabidiol (CBD) products may be booming, but new research released by the Grocery Manufacturers Association (GMA), Arlington, Va., shows that consumers are confused about what CBD is, what it does and whether CBD products are safe.
Flowhub, Denver, Colo., raised a $23 million Series A financing round led by e.ventures, San Francisco; Evolv Ventures, Kraft Heinz’ Chicago-based venture fund; and Poseidon Asset Management, LLC, San Francisco, with contributions from 9Yards Capital, San Francisco; former NBA commissioner David Stern and Iqram Magdon-Ismail, co-founder and former CEO of Venmo, New York, among others.
Integrated CBD, Scottsdale, Ariz., announced the closing of $50 million in senior secured debt and a Series A equity round in a combination of debt and equity financing led by a New York-based hedge fund.