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Year Over Year Revenues Up 84%, Q2 net revenues up 25% sequentially over Q1 and Year Over Year Ecommerce Sales Up 268%. Direct-to-consumer eCommerce sales increased 37% to $334,322 from $244,255 in Q1. HempFusion’s ecommerce business is growing. DENVER–(BUSINESS WIRE)– $CBD.U #CBD CBD –HempFusion Wellness Inc.
Although considered reasonable by management of High Tide at the time of preparation, the foregoing assumptions and/or expected future events may prove to be imprecise and result in actual results differing materially from those anticipated, and as such, undue reliance should not be placed on forward-looking statements.
Robust eCommerce platform drives over 17,000 average monthly sessions, and nearly $2.0 HempFusion undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Now that CBD has a place on these shelves, and it’s looking like it’s going to stay that way given that the leading trade association for nutraceutical products, AHPA, is hosting a CBD-tailored event in Denver later this month. I’ve heard all the pitches in retail and ecommerce.
This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian and United States securities laws (collectively, “forward-looking information”). These estimates and any other FOFI included herein have been approved by management of the Company as of the date hereof.
Products will be distributed through Valens’ Australian Distribution Partner, Cannvalate PTY Ltd (“Cannvalate”), and will be the largest quantity of products provided to Cannvalate for distribution to date (collectively, the “ Transaction “). Epsilon also operates a turn-key cannabis cultivation solutions provider based in Vancouver, Canada.
Just Brands and High Roller are the owners of the JustCBD brand and associated operations (collectively “JustCBD”). This includes JustCBD’s CEO Hussein Rakine, who was named to Forbes’ 2022 list of 30 Under 30 list for retail and ecommerce. million and 9.5 Acquisition Highlights. expansion strategy. Register here.
Leafly has been gathering cannabis employment and sales data since 2015 with its annual Jobs Report , filling a crucial information gap created by a lack of data collection from the US Department of Labor, which does not count cannabis jobs due to federal prohibition. To read the report in full, visit [link]. ABOUT LEAFLY. Laura Morarity.
Million in cash (collectively with the Share Consideration, the “ Consideration “). The consideration for the 80% acquired will be comprised of: (i) £4.9 The cash portion of the transaction will be funded entirely with cash on hand. High Tide’s retail segment features the Canna Cabana, Meta Cannabis Co., Meta Cannabis Supply Co.
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