- The global hemp cannabidiol market is expected to top $22 billion worldwide by 2022, with CBD products comprising 25 percent of all cannabis sales
- Wildflower Brands is expanding the wellness reach of its cannabis products through a distribution pact with South African cannabis network provider Africann
- The company is also launching into Europe with a Polish network agreement through pharmaceutical distributor Two Towers
Cannabis-based wellness brand champion Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) continues to expand the reach of its holistic plant product portfolio, inking an exclusive distribution agreement for the South African natural betterment market this month.
The Wildflower Wellness brand delivers the company’s flagship lineup of full-spectrum, hemp-derived, cannabidiol-infused CBD+ branded products, which are available for use through its vaporizers, capsules, tinctures and soaps. Cannabidiol-infused wellness products are gaining mainstream acceptance. Wildflower’s products were present in the 2019 Oscar’s celebrity gift bags, at Kim Kardashian’s well-publicized CBD-focused baby shower and at the CBD beauty corner launched by “The Salon Project” at Sak’s Fifth Avenue’s flagship store.
Wildflower’s South African agreement with hemp product distributor Africann provides the company with access to “all leading pharmacy, health and wellness chains and independent pharmacy groups in South Africa,” according to a news release announcing the development (http://cnw.fm/9nk4A).
“More and more distributors are approaching us from all over the world to distribute Wildflower products,” CEO William MacLean stated in a news release. “The consistent trend is that they are looking at the US market to find CBD products to test and see what brands would fit the broadest consumer market. As global opportunities open up, Wildflower will see huge benefits from establishing itself early-on as a premium wellness brand.”
The company’s entry into the South African marketplace expands its sphere of global influence. Heavily focused on the Western seaboard of North America, Wildflower has secured distribution to more than 300 retail outlets across the United States and has a letter of intent signed in Canada to acquire City Cannabis. The company’s agreement with wholesale medicinal product distributor Two Towers enabled its entry into Poland and is serving as a gateway to the rest of Europe (http://cnw.fm/XY8oi).
Analysts at The Brightfield Group forecast that the European CBD product market is set to explode, with 400 percent growth expected through 2023 (http://cnw.fm/7QqfU). The research firm predicts that the hemp CBD market will top $22 billion globally by 2022 (http://cnw.fm/Yy5GR) and that CBD products will comprise 25 percent of all cannabis sales.
Wildflower recently announced that it logged more than $1.4 million in sales during its most recent quarterly filing, marking the tenth consecutive quarter of growing revenue figures (http://cnw.fm/Hr1FY).
The company has also established a partnering agreement with cannabis educator HelloMD to provide information and products for medical cannabis patients across the United States (http://cnw.fm/19Mpj).
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/SUN
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