By Alec Mattinson2021-05-19T16:05:00+01:00 SZM has been bought by Tenacious Labs Recently launched buy-and-build cannabinoid group Tenacious Labs has made its second acquisition since launch, buying Colorado-based contract manufacturer SZM in a cash-and-shares deal The acquisition of the 10-employee-strong brand follows the group’s maiden acquisition of Colorado-based, female focused wellness brand Press Pause in April 2021, and represents a “significant step in the group’s international growth strategy”. Founded by Zac Larsen in 2018, SZM supplies B2B customers across North America with premium hemp-derived, cannabinoid-infused products. The company is responsible for the formulation, production and packaging of products in house, including edibles, soft gels, pet products and beverages.