Who We Are

Fronted by true visionaries from a variety of fields and relevant industries, Coastal CBD’s leadership sets the tone for our innovative spirit.

Fred Bloom

Green Energy to Green Wellness, with Incredible Results Each Time
With over two decades of experience as a successful entrepreneur focused on clean energy experience -- and over 35 years of business experience overall -- Fred Bloom is a titan in the green power space.
Among his accomplishments, he is known for building two enterprises from start-up to industry prominence and then to a liquidity event, generating significant returns for investors.
Commonwealth: The Fastest-Growing Private Company, with a 2000% Growth Rate
Mr. Bloom founded Commonwealth Energy Corporation in California in 1997 on the eve of the opening of the country’s first free market for retail electricity. While building Commonwealth, Mr. Bloom’s involvement in the establishment of a retail market for green energy led to his recognition of the tremendous growth potential for the renewable energy segment of the electric power industry. Commonwealth was the nation’s fastest growing private company at the time, rising from revenues of $9 Million in 1998 to $185 Million in 2001 -- a growth rate of more than 2000% in three years. The company recorded a pre-tax profit of $81 Million during the period. By its fifth year in business, Commonwealth reached over $450 Million in revenues. Industry giants Lee Iacocca and Brad Gates were among its Directors.
During Mr. Bloom’s tenure, Commonwealth became the largest retail supplier of green power in the nation. Early stage investors made as much as 16 times return on their investment. GenSelf: Southern CA’s Largest Solar Electric Power System Retailer In 2002, Mr. Bloom founded GenSelf Corporation and built the company into Southern California's largest Solar Electric Power System retailer.
Mr. Bloom directly oversaw the sale, systems integration, permitting, financing and construction of more than 800 solar electric power plants -- all still in operation today. Installations ranged from standard rooftop systems to innovative ground-mounted power plants to custom-designed solar carports. Notable customers included The City of Palm Desert, the Yorba Linda Public Library and a Southern California theme park, for which his company built a solar carport. GenSelf was sold to Mitsui & Co. in 2008. Today, it operates as a division of Mitsui under the name SunWize Technologies. Early stage investors made returns in excess of 20 times their investment.
An Impressively Diverse Career with Exceptional Bona Fides
Previously, Mr. Bloom served as President and CEO of Resource Energies Corporation, Inc., a business development consultancy. He has also been the Vice President of Business Development for Meridian Energy Group, Inc., where he established, built and supervised the team responsible for successfully raising over $20 Million from accredited investors in advance of Wall Street’s $850 Million project financing for the construction of the nation’s first high- conversion oil refinery in 40 years.
Mr. Bloom’s many notable awards and honors include:
● California Entrepreneur of the Year 2000 nominee (nominated by Merrill Lynch)
● Feature profiles in Entrepreneur Magazine
● Named a Top CEO by San Diego Magazine
● Elected by his peers to the Board of the California Solar Energy Industries Association
He has served as:
● A Registered Principal with Kuhns Brothers Securities Corporation
● A Licensed NASD Broker/Dealer focusing on investment opportunities in the electric power sector
● President of First Pacific Trading Group, a successful commodity futures brokerage
● A stockbroker with Bateman Eichler, Hill Richards
Among Mr. Bloom’s notable energy industry “firsts” are:
● Building the first profitable retail electricity marketer
● Founding and running the first company to offer consumers “green energy” for less than dirty “brown” power sold by traditional utilities
● Founding and running the first start-up company to go public, when Commerce Energy Group (Commonwealth’s holding company) listed its shares on the American Stock Exchange in 2004
Bloom attended California State University, Long Beach and studied Business.
Green Power to Green Wellness: Bringing Unparalleled Investment Strategy to the High- Potential CBD Industry

After decades spent achieving incredible results for investors in the energy industry, Mr. Bloom is now doing the same in the promising field of CBD.