- SHRG is entering the Canadian direct-selling market as part of its international growth strategy
- SHRG notes that the female demographic of independent salespeople in Canada aligns with its own consultants
- The company is pursuing uplisting to the Nasdaq Capital Market as a ‘natural progression’ for the company and its shareholders
Sharing Services Global Corporation (OTCQB: SHRG) is focusing on international expansion, initially by growing into the Canadian direct-selling market, which was estimated at $2.6 billion in 2017 by the Direct Sellers Association of Canada (DSA) and at $3 billion in 2019 by Ibis World (http://cnw.fm/Fu3dB). SHRG is also proceeding with its application for uplisting to the Nasdaq Capital Market (http://cnw.fm/agd1C).
SHRG has been successful in focusing its Blue Ocean Strategy on direct selling in the United States. “Our March revenues are proof that our Blue Ocean Strategy is being well accepted in the direct-selling marketplace, and we want this growth to continue within new markets,” SHRG CEO John ‘JT’ Thatch stated in a news release (http://cnw.fm/E6a9m). SHRG is embarking on expansion into Canada and other international markets (http://cnw.fm/2GIaE).
In addition, SHRG’s CEO said that DSA statistics showed that, of the 1.3 million independent sales consultants in Canada, 82 percent were women (http://cnw.fm/6Reol). That percentage dovetails with the demographics of SHRG’s marketing force of Elepreneurs independent salespeople.
For March 2019, SHRG reported record U.S. sales of $10.4 million (http://cnw.fm/Gwh02). Thatch credited both SHRG’s Elepreneur LLC subsidiary’s independent sales associates and Elevacity Global LLC with that growth.
SHRG is also continuing to pursue uplisting. “A listing on the Nasdaq Capital Market is a natural progression for the company and our shareholders,” Thatch added.
SHRG is a Plano, Texas-based, diversified holdings company that owns, operates or controls a variety of companies engaged in direct selling through independent sales representatives. The company also offers services such as energy, technology and insurance. Its divisions include Elevacity Global LLC and Elepreneur LLC.
For more information, visit the company’s website at www.SHRGInc.com
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://cnw.fm/FFzD5
About CannabisNewsWire
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.cannabisnewswire.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer
Do you have a questions or are you interested in working with CNW? Ask our Editor
CannabisNewsWire (CNW)
Denver, Colorado
www.cannabisnewswire.com
303.498.7722 Office
Editor@CannabisNewsWire.com
