Kadenwood Gets $50M For CBD Wellness Brands

Newport Beach-based Kadenwood, a company which owns a number of CBD health and wellness brands, says it has raised $50M in its Series B fundraising. The company said the funding was a combination of cash and "media value". The funding came from The Craftory and Arcadian Capital Management, along with others. The company said those news funds will go to "normalize CBD" in health and wellness products, via scaling, strategic partners, and acquisitions. The company did not say how much of the new investment was actual cash it did say it raised $15M in its Series A in 2020.