Organic Hemp Companies RE Botanicals™ and SC-based Palmetto Harmony™ Announce Merger
Aug 19, 2019 11:26AM
Strong advocates of organic and regenerative farming, RE Botanicals, the Pure Organic Hemp Apothecary, and Palmetto Harmony, a provider of organically cultivated natural essential life oils, have announced a stock merger between the two companies.
The merger brings new resources to both companies that allow for enhanced innovation and efficiencies which will ultimately increase accessibility to unique, USDA certified-organic CBD products.
RE Botanicals has grown retail distribution from 4 doors in November 2018 to over 1200 doors and will be expanding their offerings of organic hemp-derived CBD products, both at retail and direct to consumer. Both companies now have the platform and resources to explore additional growth opportunities including private label, white label and bulk.
“This merger accelerates RE Botanicals’ mission to regenerate healthy soils and the Earth through organic and regenerative farming, while expanding our product offering of USDA certified-organic hemp CBD to support our consumers’ wellness,” says 20-year hemp industry veteran and environmental advocate, John W. Roulac, the brand’s founder and Chief Hemp Officer.
The combined company will operate as RE Botanicals, Inc. with the leadership team driving expansion plans for the individual brands. Janel Ralph will become chief operating officer and oversee the hemp growing and manufacturing facility in South Carolina.
“I started Palmetto Harmony in 2015 to improve the quality of life for my special needs daughter. That is why Palmetto Harmony is so passionate about producing safe, quality products,” says Ralph. “We focused primarily on growing and manufacturing the highest quality organic products while building trust with consumers through transparency and integrity. RE Botanicals shares these same values and that is why we are honored to be partnering with such an ethical company.”
Palmetto Harmony provides RE Botanicals with greater control of the supply chain, significant reduction in cost of goods and a nimbleness for innovation and scale. While Palmetto Harmony now has increased access to the network Roulac has built over his two decades of hemp innovation, which also yields access to a sophisticated sales and marketing team with extensive experience powering CPG growth.
Leadership expects the partnership to generate additional jobs at both their South Carolina and Colorado headquarters over the coming year.