Colorado CBD maker buys Oregon firm

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U.S. CBD maker Bluebird Botanicals said it has acquired Precision Botanical of Oregon in a move to strengthen its supply chain and expand distribution in convenience and grocery store distribution channels. Bluebird also gains access to Precision’s hemp cultivation and extraction operations. No sale price was announced. Bluebird, based in Louisville, Colorado, also announced it has received an investment from Washington D.C.-based Juggernaut Capital Partners intended to boost the company’s financial profile, develop new products and expand online.

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