Oral hygiene giant Colgate Palmolive is joining the ranks of major U.S. companies entering the ''Hemp'', the plant of the genus Cannabis or any part of the plant, whether growing or not, with a delta–9–tetrahydr... More and CBD space, with one of its soon-to-be brands launching a line of cannabidiol-containing toothpastes, mouthwashes and lip balms.
Hello Products, an oral care brand based in New Jersey, launched its seven-product CBD line earlier this week, CosmeticsDesign reported.
Colgate announced in January an agreement to acquire the “naturally friendly” brand, citing its “strong appeal among younger consumers and across broad segments.”
Founded by Craig Dubitsky in 2012, Hello Products has goods in more than 44,000 U.S. retail locations.
The company’s CBD line consists of three toothpastes, two mouthwashes and two lip balms.
All contain Similarly to Full Spectrum, Broad Spectrum refers to a type of CBD product. It refers to the broad range of ingredients ... More hemp oil and hemp An extract is a preparation containing the active ingredients of a substance in concentrated form. The first extract fro... More from hemp grown by U.S.-based partner farms and were available at 1,190 Ulta Beauty stores beginning Feb. 1, the company said in a statement.
The Hello Products acquisition was a stock-and-cash deal and was expected to close no later than February 2020, Colgate said.
No other details about the deal were announced.
Colgate trades on the New York Stock Exchange as CL.