You could find a CBD-based body scrub online, but until now Walmart was staying away from CBD-based nutraceuticals. In a new announcement this week you can now make your morning more mellow with CBD-enhanced products you can find at Walmart. CBD are the non-hallucinogenic molecules found in the cannabis plant otherwise known as medical marijuana.
The initial offerings of CBD Life Sciences, Inc. (OTC PINK:CBDL) will include Nano CBD Coffee Creamer, Mellow Mornings, and CBD Pain Cream, which have seen growing demand in local markets.
These products will now have national distribution, broadening our customer base across the US announces CBD Life Sciences: “By entering the Walmart Marketplace, we are now accessible to one of the largest retail platforms in the world, boasting over 120 million monthly visitors. This launch strategically positions CBDL to significantly increase brand visibility and consumer base.”
The company says that their yearly forecasts project a substantial revenue boost, with a projected increase of 35% in annual sales due to this new distribution channel. Revenue growth over the past 12 months has already seen a 20% rise, and they expect accelerated growth driven by this expansion.
“Our launch on Walmart Marketplace represents a monumental step forward in our growth strategy,” said Lisa Nelson, CEO of CBD Life Sciences, Inc. “We are not only expanding our reach but enhancing our capacity to deliver value to our investors. The CBD market is poised for explosive growth, and with this new distribution channel, we are strategically positioned to capitalize on the rising consumer demand.”
“As a small but rapidly growing company, we recognize that entering high-traffic marketplaces like Walmart is a powerful catalyst for scaling. We continue to prioritize innovation in our product lines and have seen positive feedback from both consumers and local retailers.
“With our products now on Walmart Marketplace, we anticipate a sharper competitive edge and a much larger footprint in the booming CBD sector, which is projected to reach $47.22 billion by 2028.
