- Wildflower’s
sales growth is directly related to its strategic partnerships and the
launch of new products
- The
company’s CBD-infused products are now available at wellness guru Joel
Warren’s ‘The Salon Project’ at Saks Fifth Avenue as part of a continued
product offering expansion that began in March 2019
- Wildflower
is expected to continue working on new CBD and hemp-derived products in
order to solidify its leading market position
Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF), a
Vancouver-based company with an emphasis on plant-based health and wellness
products, reported a 78 percent increase in sales for its fiscal quarter ended
March 31, 2019, reaching $2.5 million, according to an official company
announcement (http://ibn.fm/CAjsA).
The growth on a quarterly basis has been an ongoing trend since Wildflower
initiated sales of its popular line of hemp CBD products.
Wildflower also announced financial results for City
Cannabis Corp. – an entity that Wildflower aims to acquire in the coming weeks.
City Cannabis had revenue of $1.8 million for the quarter ended March 31, 2019.
The opening of the company’s two stores in January contributed to these
favorable financial results. Upon its finalization, the City Cannabis
acquisition is expected to be accretive to Wildflower’s earnings.
Apart from announcing its financial results, Wildflower has
also released statements about strategic steps undertaken in line with the
company’s expansion efforts.
On May 30, 2019, Wildflower announced the launch of the
company’s CBD infused products at wellness guru Joel Warren’s ‘The Salon
Project’ (http://ibn.fm/OXuIZ).
The collaboration will give clients benefiting from the Saks Fifth Avenue salon
services an opportunity to experience Wildflower products in a curated
shop-in-shop CBD beauty corner.
Celebrity beauty and wellness icon Joel Warren has been a
leader in the hair care industry for more than 30 years. His salon focuses on
the delivery of a signature experience that brings together the know-how of
stylists with the best beauty and wellness products.
This isn’t the first partnership announced by Wildflower in
2019. At the beginning of the year, the company initiated a strategic New York
expansion which saw its products become available in more than 20 health and
wellness stores throughout Manhattan (http://ibn.fm/r4dBV). New York became a city of focus due
to its ability to set global trends. The move quickly paid off, as more than 40
percent of Wildflower’s online sales now come from the New York area.
Over time, Wildflower has been working to expand its product
offerings – a strategic initiative that has enabled collaborations like the one
with Warren.
In March 2019, the company announced that it was expanding
its offerings through the introduction of Pure and Pure Plus tinctures. Both
feature hemp-derived CBD, hemp seed oil and milk thistle. The tinctures provide
relief from inflammation and support for healthy liver and heart function.
Wildflower announced that it will continue working on new
releases as a part of the company’s ongoing product development efforts. The
company has also announced plans to expand into Europe’s CBD market via an
agreement with Poland-based wellness distribution company Two Towers and an
extension of the Omega Rex pharmaceutical chain in the Warsaw area.
“Consumers are drawn to Wildflower because of the
effectiveness and range of options available in our product lineup. The strong
brand loyalty of Wildflower customers reflects the time and resources invested
in our pipeline of products,” CEO William MacLean said in a news release (http://ibn.fm/Kzw6Q).
For more information, visit the company’s website at www.WildflowerBrands.co
NOTE TO INVESTORS: The latest news and updates
relating to WLDFF are available in the company’s newsroom at http://ibn.fm/WLDFF
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Editor@QualityStocks.com
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