Entoura Acquires Hemp Biotech Firm Atalo
NASHVILLE, Tenn., June 23, 2020 /PRNewswire/ -PRESS RELEASE- Entoura, a vertically integrated, USDA certified organic and cGMP-certified hemp oil producer, today announced the acquisition of Atalo Holdings. Atalo is a Kentucky-based agriculture and biotechnology firm specializing in research, development and production of industrial hemp. Terms of the acquisition were not disclosed.
Located in the heart of America’s hemp country, Atalo boasts a rich history in hemp cultivation and genetics, dating back to the 1800s. The company’s ability to produce farmer focused food-grade hemp products further augments Entoura’s robust supply chain.
Entoura plans to leverage Atalo’s existing brands and product scope to enhance its product suite and to offer private label services, including industrial hemp genetics, flower and hemp oil extraction. Entoura plans to combine its advanced genetics and distillation capability with Atalo’s hemp seed oil for integrated and differentiated product development.
« Entoura is committed to sustainable and trustworthy products that leverage the benefits of the renowned hemp plant. Bringing Atalo onboard, with its rich history of innovation in hemp, brings us closer to achieving that goal, » said Kevin Murray, founder and CEO of Entoura. « Atalo’s incredible legacy in hemp cultivation, innovation and advocacy is truly inspirational, and we look forward to continuing that story. »