HempFusion Wellness touts online sales growth, international expansion plans for its fast-growing CBD brands
HempFusion Wellness Inc (TSE:CBD.U)(OTCMKTS:CBDHF) told shareholders Monday that its “future is bright” as it heads into 2021.
“The company has built a strong foundation throughout a challenging 2020,” Denver-based HempFusion wrote in a shareholder update.
“After the completion of a successful IPO, the company remains focused on executing it’s five channel strategy driving significant revenue growth across domestic and international markets in 2021 and beyond. We remain hyper focused on the long game.”
READ: HempFusion Wellness completes its CBD pilot trial related to chronic inflammation
HempFusion markets probiotic supplements and products that contain CBD – one of the few companies to offer over-the-counter drug listed topical products. Its Probulin Probiotics brand ended 2020 as the fastest-growing probiotic amongst the top ten in the US, according to SPINS.
A recent survey by Brightfield Group ranked the group number two in the US for CBD brand awareness.
“COVID and continued lack of clarity from the FDA related to official regulatory guidance for CBD used in dietary supplements, foods, and beverages has made 2020 a challenging year,” the group wrote. “However, these challenges have led to strategic changes, establishing the foundation for HempFusion to succeed in 2021 and beyond.
“There are no quick and easy ways to navigate this dynamic and emerging industry. The company remains focused and highly optimistic that the five-channel strategy and international expansion will drive significant success throughout 2021 and beyond.”
HempFusion said it was gaining significant traction with a new eCommerce model that has led to a double-digit increase in online sales, from 6% to 24% over the past few months. It recently launched The Probulin Store on Amazon.com, with sales nearly tripling in less than three months, according to a release.
The company is targeting international markets, with a presence in Ireland and the UK and eyes on Latin America, Canada, India, China and the rest of Europe.
Contact Angela at [email protected]
Follow her on Twitter @AHarmantas
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/945680/hempfusion-wellness-touts-online-sales-growth-international-expansion-plans-for-its-fast-growing-cbd-brands-945680.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).