LOUISVILLE, Ky. — Turning Point Brands Inc., a manufacturer, marketer and distributor of branded consumer products, has made an $8.7 million strategic investment in Docklight Brands Inc., a consumer products company with brands including Marley Natural cannabis and Marley cannabidiol (CBD).
Turning Point also has obtained exclusive U.S. distribution rights for Seattle-based Docklight’s Marley CBD topical products.
The Marley CBD skincare line, which includes after-sun, hand cream, lip balm, balm and roll-on products, combines tropical botanicals with hemp-derived CBD and is currently available nationally in more 12,000 stores including select 7-Eleven, Circle K, Safeway and Dollar General locations.
The company said its investment into Docklight also will support the growth of the broader Marley CBD line, including Marley Mellow Mood teas, Marley wellness shots and Marley chocolate squares.
“Our goal is to build an expansive portfolio of the most innovative brands in the cannabis industry and to distribute these products across our vast partner network,” said Larry Wexler, CEO of Louisville, Ky.-based Turning Point Brands. “We reach consumers where they are most comfortable, selling products to distributors, selling to stores directly and interfacing with consumers one on one via e-commerce. Adding Marley products to our portfolio alongside our legacy Zig-Zag brand marks yet another milestone as we continue to leverage our brands and expand our distribution infrastructure.”
Damian Marano, CEO, Docklight Brands, added, “We are confident our strategic relationship with Turning Point Brands will greatly enhance both the visibility and availability of the Marley products across (Turning Point Brand’s) extensive distribution network.”
Turning Point Brands products include alternative smoking accessories and consumables with active ingredients. Its products are available in more than 210,000 retail outlets in North America.