Plus   Neg

Entoura Buys Hemp Biotech Firm Atalo Holdings

Hemp oil producer AVF CBD, LLC, d/b/a Entoura said it has acquired Atalo Holdings, a Kentucky-based agriculture and biotechnology company engaged in the research and production of industrial hemp. Terms of the acquisition were not disclosed.

Entoura noted that the acquisition of Atalo Holdings will boost its supply chain and enable it to expand its hemp-based product offerings. Entoura is a USDA certified organic and cGMP-certified hemp oil producer.

Atalo Holdings has a history in hemp cultivation and genetics that dates back to the 1800s. According to Entoura, Atalo Holdings' production of farmer focused food-grade hemp products will augment its supply chain.

Entoura plans to leverage Atalo's existing brands and product scope to bolster its product suite and also to offer private label services, including industrial hemp genetics, flower and hemp oil extraction.

Entoura plans to integrate its genetics and distillation capability with Atalo's hemp seed oil for integrated and differentiated product development.

"Entoura is committed to sustainable and trustworthy products that leverage the benefits of the renowned hemp plant. Bringing Atalo onboard, with its rich history of innovation in hemp, brings us closer to achieving that goal," said Kevin Murray, founder and CEO of Entoura.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Polaris Industries Inc. is recalling certain Ranger and General Utility, as well as All-Terrain vehicles citing risks of crash, the U.S. Consumer Product Safety Commission said in a statement. The Medina, Minnesota-based company has called back about 26,730 units of Model Year 2019 - 2020 Ranger XP 1000 & Model Year 2020 General XP 1000 Utility vehicles. Gilead Sciences Inc. (GILD) said Friday that the European Commission has granted conditional marketing authorization for Veklury or remdesivir as a treatment for SARS-CoV-2 infection, the virus that causes COVID-19. FedEx is asking NFL team Washington Redskins to change its name for its racist connotations. The delivery services company, which is a major sponsor for the team, made the suggestion following increasing pressure from its investors amid the ongoing protests against racial injustice and inequality that arose from the killing of African-American George Floyd.
Follow RTT