- 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://cnw.fm/vA41X). 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://cnw.fm/mtZd3). 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://cnw.fm/Zy8Db). 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://cnw.fm/E03pX).
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://cnw.fm/WLDFF
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