Peels Citrus CBD startup secures $4m Investment from KarpReilly
CBD startup Citrus CBD Industries (Peels), launched the first nationwide CBD brand made from oranges led by Founder & CEO Chris Hetherington, an 11-year NFL veteran and Yale alumni, who announced they have secured a $4 million investment from KarpReilly, LLC.
KarpReilly, a Greenwich, CT-based private investment firm, with a diverse portfolio of emerging brands in the consumer sector with notable food, beverage, and natural products including: KeVita, Spindrift, Salt & Straw, LIFEAID, and Wilde, among many others.
Chris Hetherington, CEO, Peels: "We are thrilled to announce the investment from KarpReilly. We believe they are the ideal partner to assist us on our mission to become the #1 trusted CBD brand on the market. They have an impressive track record of scaling consumer brands. With their investment and expertise, we now have greater resources to maximize our vision and empower our growth. Peels was created to meet the growing consumer demand for CBD without the risks associated with hemp and cannabis CBD products. We believe everyone deserves to feel and perform their best. But the pursuit of doing so should not include risky solutions."
Peels is a groundbreaking Citrus-Derived CBD product line that is created with uniquely pure, nature-identical CBD. Scientifically proven to be molecularly identical to CBD produced by the cannabis plant, Peels CBD offers the same holistic effects, but is produced at a superior quality, safety, and scale. Made from terpenes found in citrus peels, not cannabis or hemp, guarantees zero THC content. It's also guaranteed to be free from toxic impurities.
Peels products, which are unrivaled in purity and taste, check all the boxes for consumers seeking safe, effective, and reliably formulated CBD products. By offering CBD from a non-hemp, non-cannabis source, Peels' goal is to make it easier for consumers to access this compound's amazing benefits.
Drew Skolnik, Principal, KarpReilly: "Peels has an incredibly unique set of products and approachable brand that can help them stand out in a crowded CBD space and navigate the complex regulatory environment. We are excited to partner with impressive, passionate, and mission-driven founders like Chris and his team."
The Peels management team is comprised of seasoned sales, marketing, operations, and business development executives to take advantage of their unique opportunity in the market.