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Gen Z−Focused CBD Brand Penguin Acquired by Verma Farms

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variety.com
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Partner Content On May 13, 2021, two of the fastest-trending CBD businesses in the market joined forces to create a unified brand of responsibly sourced hemp-derived products.

Hawaii’s hemp star Verma Farms acquired Gen Z−focused Penguin, bringing their team and portfolio of products under the Verma Farms umbrella.Deep Patel, CEO and founder of Penguin, launched the company in late 2019 at the age of 20, just before the global pandemic shut down the United States and sent the world into an economic downturn.

Not only has Penguin survived the adversities of the past year; it has grown so much that it caught the attention of AJ Agrawal, CEO and founder of Verma Farms CBD.

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