Aluf Holdings, Inc. announced that it has launched Aluf CBD Partners LLC with an initial investment into the manufacturing and processing of CBD distillate in order to fulfill the growing client need in the CBD marketplace. CBD distillate is a THC-free, purified form of CBD.

To further expand the Company's footprint in the CBD marketplace, Aluf has added Dr. Bob Capretto to their Board of Directors as an Adviser. Dr. Capretto is the Chairman of Solevo Wellness, a Pennsylvania-approved medical marijuana dispensary as well as a principal at the investment management group Oak Hill Holdings, LLC.