- Wildflower Brands is focused on being a global supplier of CBD products for wellness and health
- The company now distributes in over 600 locations in the United States alone, and it recently signed an agreement with a firm in Poland to enter the European Union marketplace
- The company’s online sales have increased by more than 300 percent since 2018 and are growing by 40 percent from month to month
Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) is a cannabis company that develops cannabis-based brands and products for health and wellness. This company’s goal is concerned with the manufacturing, distribution, marketing and retail of CBD products, as well as research and development of new and innovative products so as to produce a global wellness brand. The demand for cannabis-based products is expected to increase in the coming years, with profits predicted to soar in the future; this is a trend that is already evident in North America and Europe. In fact, the CBD market is projected to reach about $22 billion by the year 2020. The market for cannabis-based products is expected to increase in the future as CBD becomes more popular and legislation changes, allowing further expansion into the marketplace and enabling more products to become available for retail.
Wildflower Brands has an impressive distribution system in the United States, with more than 20 retailers in New York City and more than 200 retailers in Washington State. Currently, the company distributes its products in over 600 locations across the United States. Part of the reason for this sizable distribution network is the company’s agreement with the well-known and nationwide Dillard’s department store chain, which positions Dillard’s as a distributor for certain Wildflower Brands products.
Wildflower Brands is a leading cannabis product supplier, showing record profits. The company had revenue of $1.8 million at the end of March 2019 and has shown increasing revenue and profits for the last nine consecutive quarters. Wildflower Brands has increased its online product sales by over 300 percent since early 2018. The online sales have grown by 40 percent from month to month.
Notably, Wildflower Brands has also reached an agreement with Free People to sell its CBD products online (http://ibn.fm/ZsB8V).
The company has grown to span various entities, including Wildflower Wellness, Kings Extract and Exclusive. These entities enabled the further expansion of Wildflower Brands products into new markets and increased the distribution capability of the company. Wildflower Brands has also formed a partnership with Retail Worx to further facilitate the retail of CBD products within New York City. Wildflower Brands has also opened up two locations in British Columbia, Canada (http://ibn.fm/Hnmqi). These locations fall under subsidiary City Cannabis Corp. Wildflower Brands Inc. expects to expand further into the Canadian marketplace in the near future, with increasing revenue and profits forecast.
Wildflower Brands is keen on expansion into the global marketplace with a view toward moving into the regions of the world where CBD products are not as legally restricted in terms of sales and distribution. An agreement has been signed to enter the European Union marketplace by way of Poland. The agreement with Polish firm Two Towers was signed in April 2019. Wildflower Brands Inc. has plans for further expansion and distribution into the Asian marketplace in the near future.
The company has expanded tremendously since first being founded in 2012 as a private company. It became a public company in 2014, and, since then, the company has increased in prominence and achieved rising profits. It is not surprising that Wildflower Brands is doing well, considering the steps the company takes in partnering with other businesses and the steps it takes to move into and invest in new distribution hubs and markets around the world.
William MacLean, CEO of the company, also attributes much of the success of Wildflower Brands to the team it has assembled, with individuals who have the know-how to successfully achieve licensing and establish the brand in locations that are most likely to be successful in the long term. As a result, the company has 14 licenses for cannabis in the state of California. These licenses include the cultivation of medical and recreational cannabis, as well as the manufacturing, distribution and retail of such products. Wildflower Brands is uniquely positioned to be one of the top brands for cannabis-based products in the future.
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