- Wildflower Brands is advancing its goal of becoming a global health and wellness leader by inking a delivery fulfillment agreement with nationally prominent cannabis educator HelloMD
- Wildflower has been investing in building its cannabis licenses, products and services in California, as well as in online outlets and throughout the United States
- The company’s online store sales have grown more than 300 percent since January 2018, with yearly revenues topping $1 million
Plant-based health and wellness brand builder Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) recently announced a delivery fulfillment agreement with medical cannabis education outlet HelloMD, expanding the monetization of Wildflower’s California operations.
WLDFF’s brands, Wildflower Wellness, King Extracts and Exclusive, are the vehicles by which the company is working to become a global wellness leader. Wildflower Wellness is focused on delivering its lineup of full-spectrum cannabidiol (CBD)-infused products through the media of CBD vaporizers, capsules, tinctures and soaps. King Extracts focuses on delivery systems that comply with California’s regulations and on related technologies, including concentrates made from CO2 extractions with proprietary terpenes blended in for flavor. Exclusive dispenses high-quality cannabis in Los Angeles, working closely with select hospital oncology departments and community programs.
The delivery agreement with HelloMD establishes a working partnership with a prominent national platform for cannabis doctors, consumers and brands. Through joint ventures or white-label solutions, HelloMD partners leverage its platform to attract, nurture, convert and retain patient demand for medical cannabis.
“HelloMD has been a significant wholesale customer and provides us with a great position as a premium health and wellness brand,” Wildflower CEO William MacLean stated in a news release about the agreement (http://ibn.fm/vGXgD). “I am very happy to see our relationship grow to further bring quality information and products to consumers with conditions that benefit from plant-based healing in a timely manner.”
California is the world’s largest cannabis market, although Canada is expected to eventually overtake the state during the next decade thanks to its nationwide drive toward full legalization of cannabis use (http://ibn.fm/AEKuF).
Wildflower holds 14 California cannabis licenses that cover recreational and medical cannabis cultivation, manufacturing, distribution and retail, but the company’s distribution network extends beyond California to more than 200 retailers in the state of Washington and more than 20 additional retailers in New York City. Between the two coasts, distribution in other U.S. markets includes over 80 wellness and health care practitioners that boost Wildflower’s total distribution to over 300 stores nationwide.
The company reports that its direct-to-consumer online store sales have seen growth of more than 300 percent since January 2018, with yearly revenues topping $1 million. Revenues have increased for nine reporting quarters without a break in the trend.
WLDFF recently completed a private placement of $1.8 million to fund the build out of the company’s manufacturing capability in Washington in response to the growing demand for its products, as well as for general working capital to further Wildflower’s interests.
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
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