Green Growth Brands Inc (OTCMKTS: GGBXF) wants to launch more than 100 CBD stores to take advantage of the rapidly growing CBD market, as well as demand for CBD products.
The CBD product market has seen a surge in demand over the past two years and this has encouraged a number of CBD production companies to kick things into high gear. The primary goal is to make those products available to customers all over the country. Green Growth Brands has been hard at work opening CBD stores across the U.S It recently launched a new branch of its Seventh Sense Botanical Therapy shop located at the Mayfair Mall in Greater Milwaukee.
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“Physical shops are our strongest marketing assets, and our presence in the new location will drive hundreds-of-thousands impressions with consumers,”
stated Green Growth Brands CEO Peter Horvath.
The company has already launched two Seventh Sense Botanical Therapy brand stores in Indiana and Kentucky. The brand deals with cannabis-infused health and beauty products that include bath salts, sugar scrub, lip balm, and skin lotion among others. Green Growth Brands has so far launched multiple stores just this year and it wants to speed up the process. The goal is to reach its target of more than 100 stores across the U.S market where there is a lot of demand for such products.
Horvath also noted that they plan to reach the goal of over 100 CBD stores before the end of summer. He also revealed that the firm is pleased with the building engagement, repeat purchases and shopping conversion that it has observed in its currently existing shops and also from its online sales.
Green Growth Brands is not the only CBD firm that has been boosting its efforts in the CBD space. Other notable industry players such as Yield Growth Corp. (OTC: BOSQF) and CVS have been pushing their strategy for the CBD market. Green Growth Brand’s hopes that its aggressive SBD stores strategy will pay off and allow it to attract more customers.
Shares of Green Growth Brands Inc (OTCMKTS: GGBXF) are up a whopping 20% from its December’s low of $2.75.
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Disclosure: we hold no position in $GGBXF, either long or short, and we have not been compensated for this article.