Australian-based, international health and wellness Co adds UK CBD brand Savage Cabbage to complement medicinal cannabis brand Lumir, and operations across Australia, North America and Europe.
Cannim Group Limited, a Sydney-based medicinal cannabis business with interests in Europe, Australia, North America and the Caribbean has this week completed the acquisition of leading UK wellness retailer and distributor Savage Cabbage Limited in a cash-and-shares deal after working together since the beginning of the year.
Founded in 2016 by Jade Proudman, Savage Cabbage serves customers in more than 40 countries with a carefully curated portfolio of high-quality, full spectrum CBD products that only ever use organically grown hemp. As the UK market’s exclusive stockist of Charlotte’s Web, the world’s No.1 CBD brand by market share, Savage Cabbage is one of the UK’s and Europe’s most exciting, high profile and valuable brands. Products are available online through savagecabbage.co.uk, and in-store with new prominent UK retailers to be announced soon.
The acquisition is a significant milestone for Cannim, strategically positioning it in the UK and European markets with a proven, talented team. Jade will continue as Savage Cabbage’s CEO and work with the Cannim team to accelerate Savage Cabbage’s growth worldwide.
Cannim was launched in 2017 with a mission to promote the therapeutic potential of cannabis on a global scale. Its acquisition of Savage Cabbage complements and supports the Group’s recent launch of its Jamaican medicinal cannabis, and its Lumir brand into the prescription market in the UK. It also demonstrates Cannim’s commitment to providing excellent products and its support for patients across Europe.
Jade Proudman, founder and CEO of Savage Cabbage, says:
I could not be happier with having found my new partners at Cannim Group. In Cannim’s inspiring founder and chairman John Worton, and the executive team I’m joining, I have found new friends and colleagues that have the passion and commercial experience needed to help me push Savage Cabbage to the next level. Cannim already feels a natural home for the brand that my family and I have carefully grown, and I’m looking forward to the next chapter of a journey that has brought me and my loyal customers out of pain and ill health into a place of endless possibility.
Stuart Marsh, CCO of Cannim Group, says:
We are delighted to be bringing Savage Cabbage and its talented team into our international group. Jade’s authentic story stands for everything that Cannim values: people that care, creating quality products and ensuring patients get the therapies and treatment they need at a price that’s fair. Savage Cabbage’s premium, branded CBD oils increase the range of quality products and brands available from the Cannim Group globally. We look forward to building an even brighter future for Savage Cabbage together.
