PHOENIX, Nov. 27, 2019 /PRNewswire-PRWeb/ — CBD Emporium, a privately-held company and national retailer of premium CBD brands, today announced the acquisition of CBD Exclusively, a leading provider of hemp infused products.

The asset purchase agreement includes the addition of four new locations in Litchfield Park, Peoria, and Scottsdale, Arizona, as well as prime commercial real estate near Las Vegas Premium Outlets South in Henderson, Nevada.

With the acquisition of its largest and closest competitor, CBD Emporium is poised to become one of the largest and most diverse CBD retailers in the country with more than 40 best-of-industry brands and 22 locations throughout Arizona, Nevada, Colorado, Washington, California, Michigan and Connecticut.

“Since we established CBD Emporium in 2018, we have grown exponentially. We are excited to expand our business further with CBD Exclusively. United, our two prominent brands will be at the forefront of CBD retail,” stated John Flanders, President of CBD Emporium.

According to Arcview Market Research and BDS Analytics, the collective market for CBD sales in the U.S. will surpass $20 billion by 2024 with a compound annual growth rate of 49 percent across all distribution channels.

CBD Emporium is an industry leading retailer of quality, trusted CBD products including its own in-house brand derived from medical-grade organic hemp plants. Established in 2018 and headquartered in Phoenix, Arizona, CBD Emporium is dedicated to improving health and wellness on a national scale.

For information visit http://www.CBDEmporiumAZ.com.

About CBD Emporium:
Established in 2018, CBD Emporium is a privately held company with 22 retail locations throughout the United States. The retailer is the premier source for quality, trusted CBD products and offers a diverse selection of more than 40 best-of-industry brands and its own brand labeled products, derived from medical-grade organic hemp plants. The company’s knowledgeable staff is dedicated to providing the best information, education and products to improve health and wellness. CBD Emporium headquarters are located at 8102 N. 23rdAvenue, Suite A, Phoenix, Arizona 85021. For information, visit CBDEmporiumAZ.com.

SOURCE CBD Emporium