- SHRG is entering the Canadian direct-selling market as part of its international growth strategy
- SHRG notes that the female demographic of independent salespeople in Canada aligns with its own consultants
- The company is pursuing uplisting to the Nasdaq Capital Market as a ‘natural progression’ for the company and its shareholders
Sharing Services Global Corporation (OTCQB: SHRG) is focusing on international expansion, initially by growing into the Canadian direct-selling market, which was estimated at $2.6 billion in 2017 by the Direct Sellers Association of Canada (DSA) and at $3 billion in 2019 by Ibis World (http://ibn.fm/RglFU). SHRG is also proceeding with its application for uplisting to the Nasdaq Capital Market (http://ibn.fm/Jb6WI).
SHRG has been successful in focusing its Blue Ocean Strategy on direct selling in the United States. “Our March revenues are proof that our Blue Ocean Strategy is being well accepted in the direct-selling marketplace, and we want this growth to continue within new markets,” SHRG CEO John ‘JT’ Thatch stated in a news release (http://ibn.fm/WlBXD). SHRG is embarking on expansion into Canada and other international markets (http://ibn.fm/XcX0P).
In addition, SHRG’s CEO said that DSA statistics showed that, of the 1.3 million independent sales consultants in Canada, 82 percent were women (http://ibn.fm/snMr2). That percentage dovetails with the demographics of SHRG’s marketing force of Elepreneurs independent salespeople.
For March 2019, SHRG reported record U.S. sales of $10.4 million (http://ibn.fm/y51Is). Thatch credited both SHRG’s Elepreneur LLC subsidiary’s independent sales associates and Elevacity Global LLC with that growth.
SHRG is also continuing to pursue uplisting. “A listing on the Nasdaq Capital Market is a natural progression for the company and our shareholders,” Thatch added.
SHRG is a Plano, Texas-based, diversified holdings company that owns, operates or controls a variety of companies engaged in direct selling through independent sales representatives. The company also offers services such as energy, technology and insurance. Its divisions include Elevacity Global LLC and Elepreneur LLC.
For more information, visit the company’s website at www.SHRGInc.com
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG
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