By  on August 2, 2019

Cronos Group Inc. is buying the parent company of Lord Jones for $300 million.

Lord Jones, founded by retail veteran Cindy Capobianco and her husband, Robert Rosenheck, makes and sells hemp-derived cannabidiol-infused skin-care and edible products. The duo founded the business in California and originally sold products with THC, too, but eventually transitioned into a CBD-only business.

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