Marijuana giant Curaleaf will be acquiring Denver-based edibles manufacturer Bluekudu according to an announcement on Monday.
BlueKudu, which is known for its infused chocolates and gummies, was founded in 2011 with the hope of creating “a consistent, high-quality product,” according to owner Andrew Schrot who spoke to The Denver Post in 2014.
The company will be acquired by Curaleaf, based in Wakefield, Massachusetts, which currently operates dispensaries, cultivations and processing plants in 14 states. The acquisition of BlueKudu will mark the company’s first foray into the Colorado market.
No terms were announced. Curaleaf will use BlueKudu’s 8,400-square-foot kitchen and processing facility in Denver to expand its line of Select cannabis edibles, which include gummies.
“Colorado is the second largest cannabis market in the U.S., with sales surpassing $1.7 billion in 2019,” stated Joe Lusardi, CEO of Curaleaf. “BlueKudu’s established production and distribution capabilities will allow Curaleaf to seamlessly enter the market and expand the Select brand presence in the state of Colorado.”