Sunderstorm Acquires Abide Brands

California-based Sunderstorm has purchased the vape company Nevada-based Abide Brands for an undisclosed amount.  It is the first acquisition by Sunderstorm with the intent to expand the company’s product offering line. Abide makes Bounti Vapes. Bounti is a boutique craft brand that was introduced by Las Vegas natives as a contrast to the low-quality products flooding the market.

“We’ve built this machine to scale and last, and we’re ready to leverage it for future growth,” says Cameron Clarke, Co-Founder and CEO of Sunderstorm. “By bringing Abide Brands into the fold, we’re adding a new product category and accomplished team members to our expanding Nevada presence. This is the first of more big moves to come.”

Sunderstorm said the acquisition will enable the company to add valuable team members and a new product category to its Nevada portfolio. Sunderstorm has a strong presence in the Nevada market with KANHA, its award-winning premium gummies brand, and Abide Brands will add to its statewide market share.

“Sunderstorm is a great partner for all we want to accomplish with Bounti Vapes,” adds Kevin Spence, President and CEO of Abide Brands. “The synergy between our teams will strengthen all we do and position us both for greater success.”

Sunderstorm prides itself on zero pesticides, all-natural ingredients and precision dosage. Its brands include KANHA, the fourth-largest U.S. edible brand, featuring the best-tasting flavors and a NANO series with the only proven fast-acting technology. Sunderstorm serves California, Nevada, Massachusetts, Colorado and will enter the Asian market this year as one of the first U.S. brands in Thailand.

Debra Borchardt

Debra Borchardt is the Co-Founder, and Executive Editor of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Master's degree in Business Journalism from New York University.

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