New Age's We Are Kured to cut operation costs by +50% 2018-08-22 08:03 ET - News Release
Mr. Joshua Bartch reports
WE ARE KURED EXPANDS RETAIL FOOTPRINT TO OVER 100 STORES AND BRINGS MANUFACTURING IN HOUSE
New Age Farm Inc. has provided an operational and retail expansion update on its wholly owned subsidiary, We Are Kured.
Retail expansion
We Are Kured continues to expand its retail presence in the United States. We Are Kured CBD (cannabidiol) vaporizer pens can now be found in over 100 unique retail stores across the United States and Kured continues to expand its sale force into new territory.
Operational update
Kured has signed a new office lease to bring manufacturing operations in house thereby reducing operation costs by over 50 per cent.
"Our team couldn't be happier with the success, acceptance and overall positive responses we've been getting throughout the retail community," said New Age Farm's chief executive officer Joshua Bartch. "We've ramped up our marketing and sales force efforts and are rapidly gaining traction. We've seen a huge retention and reorder rate among our retail partners. Given that we signed on over 60 unique stores at the recently attended champs trade show, we are optimistic we will out do that at the upcoming big industry trade show. Additionally, moving our manufacturing in house has doubled our gross margins, drastically increasing the company's bottom line. We are making strides and I couldn't be happier with the current state of the company."