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Birmingham Post
Birmingham Post
Business
Jon Robinson

Andrew Flintoff-backed CBD brand Naturecan completes £8m USA deal as it prepares to ramp up production

A CBD brand backed by former England cricketer Andrew Flintoff has acquired a £8m production site in the USA.

Stockport-headquartered Naturecan has added the IAH Oregon facility to its group of companies.

The business said it will now ramp up production of its global supplies of CBD oils, snacks, protein supplements, vitamins and balms as well as supplying CBD for other brands.

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Naturecan has 60 staff and is based at St Petersgate in Stockport.

The company was co-founded by CEO Andy Duckworth and Paul Finnegan in 2019 and counts Andrew Flintoff as "one of several high profile investors".

Other celebrities known to have used the company's products include Paddy and Christine McGuiness, Jamie Redknapp and Laura Woods.

Naturecan's co-founders Paul-Finnegan and Andy Duckworth (Naturecan)

Mr Duckworth, who serves as Naturecan's chief executive, said: "This is a very exciting time for Naturecan.

"We have acquired what we believe to be one of the world’s best CBD extraction facilities.

"It means we can continue to give Naturecan customers the very best quality products they have grown to expect.

"But we can also offer the very highest quality CBD to the industry as a whole.

"IAH contains an industrial-scale Centrifugal Partition Chromatography (CPC) technology platform.

"This allows us to produce CBD distillate with ultra low THC (73ppm) which means that the distillate can be used as an ingredient in even the most strict markets around the world.

"The process also recycles solvents, using far less than traditional chromatographic methods.

"This results in a greener and more sustainable solution and minimises the environmental impact.

"We will be producing hundreds of kilograms a month of CBD through our high-tech refinement methods.

"Consumers will know that if the CBD product they are buying is from IAH Oregon, they are getting a product which can be trusted."

Mr Duckworth is also the co-founder of e-commerce investor and growth agency eComplete Group and was previously the CEO of THG-owned Myprotein from 2011 to 2018. He has also held positions at Matalan and Pets at Home.

Former England cricketer and Naturecan investor Andrew Flintoff (Naturecan)

In January, BusinessLive reported that Naturecan is eyeing sales of almost £20m this year. The company reported sales of over £11m for 2022.

Mr Finnegan added: "The most exciting part of the acquisition of IAH for me is our new research and development capabilities for minor cannabinoids, in the facility.

"This will allow us to keep creating the best, most innovative products for our customers globally."

Brian Vifian, general manager of IAH Oregon, said: "Over the last four years we have watched the phenomenal growth of Naturecan and are so excited to be part of the group.

"Naturecan's first priority has always been quality of product which fits with IAH ethos perfectly."

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