- Wildflower
Brands recently completed its acquisition of City Cannabis Corp. in a deal
that includes four operating retail cannabis stores and renovations to
additional locations
- Wildflower
holds 14 licenses for cannabis cultivation, manufacturing, distribution
and retail in California, the world’s largest cannabis market
- Expansion
plans into Europe’s CBD market are underway via an agreement with
Poland-based wellness distribution company Two Towers
Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) continues
its expansion of retail, online sales and production capacity in both Canada
and the United States, building on its strategic goal of becoming a global
wellness leader. Its recent acquisition of City Cannabis Corp., which currently
serves the Vancouver, British Columbia, cannabis market, included four retail
cannabis stores and the renovation of additional retail locations.
The purchase of City Cannabis Corp. expands Wildflower’s
reach and strengthens the company’s status as a leading brand-focused industry
leader in the cannabis and CBD industry (http://ibn.fm/n0174). City Cannabis has been turning a
profit in dispensary operations since Vancouver started licensing cannabis
retailers, posting revenues of $1.8 million for the quarter ended March 31,
2019.
“City Cannabis is no doubt the fastest growing multiple
location cannabis retailer in British Columbia,” Wildflower CEO William MacLean
said in a news release. “The team has demonstrated their ability to find the
best locations, but more importantly, the knowledge and ability to work with
regulators at all levels has meant success in licensing that is unmatched.”
Wildflower also expanded its retail presence in the U.S.
with the launch of its wellness products in more than 260 Dillard’s department
stores. The initial purchase order from Dillard’s is significant, MacLean said in
a news release, since it enables Wildflower to enter new markets in several
U.S. states (http://ibn.fm/3N99A).
“Launching into Dillard’s will double the number of retail
locations we are in overnight. Our strategy is to build off our established
brand equity in these key markets that can catapult us into becoming a
household name,” MacLead continued. “Dillard’s has the respect and reputation
as a retailer that fits in with our loyal following. I am looking forward to
bringing the wellness and health benefits of CBD through Wildflower’s products
to Dillard’s clientele.”
Wildflower’s CBD-infused products can also be found at
wellness guru Joel Warren’s ‘The Salon Project’ at Saks Fifth Avenue in New
York City (http://ibn.fm/5FX7d).
Warren is a celebrity beauty and wellness icon who has been a leader in the
hair care industry for more than 30 years. The Salon Project at Saks Fifth
Avenue features a full salon and lounge space, a VIP treatment room and a
curated “shop-in-shop” CBD beauty corner.
The lucrative U.S. CBD market is estimated to grow to $22
billion by 2022 (http://ibn.fm/mLqGF)
and $75 billion by 2030 (http://ibn.fm/H4H7q).
With the inclusion of Dillard’s stores, Wildflower products are now in
distribution in 600 locations across America.
“In this soon-to-explode global CBD marketplace, those with
the most recognized brands that have developed a loyal customer base will
emerge as the world leaders,” MacLean said. “Our strategy is to build off our
established brand equity in these key markets and partner with brands that can
catapult us into becoming a household name.”
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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