CBDHF - InvestorNewsBreaks - HempFusion Wellness Inc. (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO) Announces Private-Label Business Division 10-SKU Deal
HempFusion Wellness (TSX: CBD.U) (OTCQX: CBDHF) (FWB: 8OO), a leading health and wellness company offering premium probiotic supplements and products containing CBD, has closed a private label deal with a national publicly traded grocery retailer; the $250,000 deal includes 10 SKUs and is scheduled to ship in July 2021. The announcement noted that the grocery retailer had awarded HempFusion the deal because of the success of HempFusion’s brands and products within the retailer’s network; the 10 SKUs will be distributed throughout stores nationwide. HempFusion noted that its private label business represents its sixth distribution channel and is a significant opportunity for the company, with the potential to generate $1 million more by 2022. “This expansion of our relationship with this retailer is a testament to the trust, long-standing partnership and success that we and our branded products have already achieved,” said HempFusion co-founder and CEO Jason Mitchell, ND, in the press release. “We are honored to receive this award and look forward to how this has the potential to significantly contribute to the overall success of this particular retailer and HempFusion and its family of brands.”
To view the full press release, visit https://ibn.fm/N1SnO
About HempFusion Wellness Inc.
HempFusion is a leading health and wellness CBD company utilizing the power of whole-food hemp nutrition. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research and HF Labs, to approximately 4,000 retailers across all 50 states of the United States and select international locations. Built on a foundation of regulatory compliance and human safety, HempFusion’s diverse product portfolio comprises 48 SKUs (“SKUs”) including tinctures, proprietary FDA Drug Listed over-the-counter (“OTC”) topicals, doctor/practitioner lines and more. With a strong focus on research and development, HempFusion has an additional 30 products under development. HempFusion is a board member of the US Hemp Roundtable, and HempFusion’s wholly owned subsidiary, Probulin Probiotics, is one of the fastest-growing probiotics companies in the United States, according to SPINs reported data. HempFusion’s CBD products are based on a proprietary Whole Food Hemp Complex(TM) and are available in stores or online. For more information about the company, visit www.HempFusion.com.
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