CBD Life Sciences, Inc. (CBDL) Announces Expanding Revenue.. Walmart's market cap as of September 2024 is $635.50 billion, making it the 13th most valuable company in the world. This partnership offers CBD Life Sciences unprecedented exposure on a global retail platform.
SCOTTSDALE, AZ / ACCESSWIRE / September 24, 2024 / CBD Life Sciences, Inc. (OTC PINK:CBDL), a leader in innovative cannabidiol products, is thrilled to announce the launch of its flagship product line on Walmart Marketplace. This milestone marks a significant leap in our retail strategy, poised to drive substantial revenue growth and expand our market reach to millions of potential customers.
Key Highlights:
Market Expansion: 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.
Revenue Growth: Early forecasts project a substantial revenue boost, with a projected increase of 35% in annual sales due to this new distribution channel. Our revenue growth over the past 12 months has already seen a 20% rise, and we expect accelerated growth driven by this expansion.
Product Line on Walmart: The initial offerings will include our top-selling Nano CBD Coffee Creamer, Mellow Mornings, and CBD Pain Cream, which have seen growing demand in local markets. These products, praised for their effectiveness, will now have national distribution, broadening our customer base across the U.S.
Investor Impact: This move opens additional streams of revenue that will enhance shareholder value. By diversifying our sales channels, we aim to increase our gross margins by 10% while driving stronger returns for investors over the next fiscal year.
A Proven Path to Growth
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.
CEO Statement
"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."
https://www.accesswire.com/922150/cbd-life-sciences-inc-cbdl-announces-expanding-revenue-stream-with-walmart-marketplace