DENVER — Pet Releaf, a hemp and CBD pet product company, was recently ranked among Denver Business Journal’s “Fast 50 Growing Businesses.” This local accolade recognizes the company’s 486% growth rate over the last three years.
“We are very honored by this announcement and award, our family started this business 7 years ago and to see how far we’ve come is very humbling, and we are very excited for what the future holds,” said Alina Smith, co-founder and chief executive officer of Pet Releaf.
Fifty for-profit, locally owned and privately held companies in the Denver Metro were named to Denver Business Journal’s 2020 list. Pet Releaf ranked No. 3 in the medium-size company category. Pet Releaf posted $10.5 million in revenue in 2019.
In addition to this news, the company announced Oct. 22 it has appointed Rod Millott as chief financial officer. Millott will lead Pet Releaf’s financing and accounting practices, providing financial and strategic business advise to company leadership.
"We are thrilled to welcome Rod to the Pet Releaf team and are confident he will make an immediate impact on our business operations," said Stephen Smith, co-founder and president at Pet Releaf. "We are experiencing momentous growth, and it became critical that we add the role of CFO to our leadership team. With his vast financial experience, Rod is a natural fit for the company."
Millott brings more than 25 years of financial leadership experience to his new role with Pet Releaf. Most recently, he served as chief financial officer of Papa & Barkley, where he helped the company raise capital through several funding rounds.
He also draws experience from a previous chief financial role with Repucom and as a previous partner with Deloitte & Touche.
"It's an exciting time to join Pet Releaf," Millott said. "I look forward to working with the Pet Releaf team to build on the company's momentum as a leader in CBD products for pets."
Founded in 2014, Pet Releaf offers a range of hemp-infused pet products sourced from its own USDA-certified organic hemp farms and manufactured using a CO-2 extraction process in the United States. The company’s specialized hemp strain, PR-33, is used across its treat, tincture and other topical pet products.
The company utilizes third-party testing to ensure product quality, and uploads its lab results to its website to offer transparency.