The diverse combination of Company Branded Products and Contract Manufacturing & Private Label revenue streams truly offers the ‘best of both worlds’.
Through Company Branded Products, the Company is able to react to opportunities in the market rapidly, launching new products in this ever evolving retail space, capturing more margin in the process.
While Contract Manufacturing & Private Label provides access to additional distribution channels accessed through SMEs as well as established retail brands. Although typically at lower margins up front, but without the costs associated with developing and growing a retail line such as but not limited to; product development; sales & marketing; listing fees; distribution etc.
*Source: Hemp Biz Journal estimates
*Source: Hemp Business Journal and Vote Hemp estimates ($ mil., consumer sales)