Business

Acquired Sales closes on Lifted Made acquisition

Posted February 25, 2020 12:00 am

LAKE FOREST - Private equity firm Acquired Sales Corp. said it has closed on the acquisition of Zion-based CBD-infused products maker Warrender Enterprise, operating under the name Lifted Made. in a deal worth approximately $7.5 million.

Under the deal, Acquired Sales is purchasing the company for $3.75 million in cash, $3.75 million in the form of a loan, and 4.5 shares of Acqurired Sales stock

Lifted Made Founder and CEO Nicholas S. Warrender will continue in his role, as well as become Vice Chairman and Chief Operating Officer of Acquired Sales.

The acquisition is the latest in investments the firm has made into the CBD products industry, Acquired Sales bought Mundelein-based CBD Lion last May for $2 million, and previously acquired Oregon-based Ablis Holding Company, the parent company of CBD-infused craft distillers Bendistillery Inc. and Bend Spirits, for approximately $1.9 million.

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