✓ verified = confirmed by human source
◇ research = AI-assisted, pending confirmation
Status◇ research
Bankrupt
Status Detail
Filed Chapter 7 bankruptcy in March 2020, then acquired by Entoura in June 2020
Exit Type◇ research
Acquisition
Subsequent Funding◇ research
$250,000
Received VC Funding◇ research
—
Current Employees◇ research
—
Peak Employees◇ research
100
SBIR/STTR Awards◇ research
—
Filed Form D◇ research
Yes
Used Crowdfunding◇ research
—
Notes
KY Angel PDF shows two 2018 qualified investments totaling $250,000 actual investment. SEC Form D filed Aug. 17, 2016 reported a $5,000,000 offering with $657,500 sold to four investors. PR Newswire announced on June 23, 2020 that Entoura acquired Atalo; terms were not disclosed. Secondary reporting indicates the company went through bankruptcy around March 2020 before the sale, so a later pass should pull court records to document the distress-to-acquisition path.
[Deep research 2026-04-11] Company founded January 2015 in Winchester, Kentucky (Clark County). Operated as vertically integrated hemp research, production, and processing firm specializing in hemp-derived CBD products. At peak employed 100+ Kentuckians at 147-acre Hemp Research Campus. GenCanna Global USA made minority investment in December 2018 as strategic partnership. Filed Chapter 7 bankruptcy in March 2020 citing capital issues with assets $10-50M and liabilities $1-10M before June acquisition.
Last updated: Apr 11, 2026 · Evidence score: 5/5