Less than a month ago we brought you news that the chief executive officer of Hempleton Investment Group, Justin Hamilton, was added to Appalachian Mountain Brewery’s strategic advisory board. Well, a lot has changed since that Nov. 20 article.
This past Thursday, Appalachian Mountain Brewery made another big announcement. For starters, the company changed its name to Between Dandelions, Inc. “following the recent sale of all beer assets to Craft Brew Alliance,” according to a press release.
In the same press release, the company announced “it has received final approval by the North Carolina Industrial Hemp Commission to cultivate and process hemp and hemp-derived CBD products in North Carolina … effective immediately with the passage of the 2018 farm bill now fully legalizing hemp and hemp-derived CBD so it is no longer a gray area marketplace.”
The farm bill passed both houses of the U.S. Congress last week and is awaiting the president’s signature.
The announcement described Between Dandelions as a vertically integrated retail and wholesale hemp company. According to the press release and its Instagram account, the company will, in early 2019, begin selling online “high-end proprietary hemp and hemp-derived CBD products to be grown and processed in North Carolina by United States military veterans … aimed at supporting alternatives to opiates.”
But that’s not all!
This morning, Between Dandelions announced it’s officially partnering with Hempleton Investment Group. Company leadership signed a letter of intent that describes the two organizations as sharing resources “in key strategic areas of a vertically-integrated model including, but not limited to, genetics, cultivation, supply-chain management, purchasing, marketing, distribution and sales (retail and wholesale), e-commerce and brick and mortar stores.”
Hempleton operates six subsidiaries: The Hemp Farmacy retail stores, East Coast Genetics, the N.C. Hemp Farm Research and Innovation Campus, New River Distilling Company, Hope Hemp Extracts and Integrated Hemp Solutions.
Of the deal, Hamilton says, “I can think of no better path forward for our company than to create a strategic partnership with a respected leader like Between Dandelions. We are eager to look at how Hempleton can leverage our technical expertise and extensive experience helping brands grow while maintaining our focus on local community, philanthropy and the environment. We’re also looking forward to creating a collaboration of high-end hemp-derived CBD and hemp-based brands with Between Dandelions which will be distributed on the East Coast on a larger scale so more customers can enjoy our collaborative brands while giving back to their communities and its’ veterans.”
[Image: Justin Hamilton, CEO of Hempleton Investment Group. Photo courtesy of Hempleton.]
“This kind of partnership aligns perfectly with what we’re building Between Dandelions, Inc to do: help bring lifestyle brands to market that give back to their communities coast to coast,” said Sean Spiegelman, CEO of Between Dandelions, Inc. “Justin and the entire team at Hempleton Investment Group, Inc. have already built an amazing company, known just as much for its leadership as they are for their innovation and forward thinking,” Spiegelman continued.
As Appalachian Mountain Brewery, the company was well known for its community-focused philanthropy.
Hempleton Investment Group is an annual sponsor of Carolina Cannabis News.
BY Rhiannon Fionn
Editor & Publisher
Rhiannon Fionn is an award-winning journalist based in Charlotte, N.C.