Cannabis & Hemp Insurance

Price : $5,199,000
Listing Type : Other
Status : ACTIVE
Cannabis or Hemp Use? : Hemp
Sale Type : Cash
Company Name : Cannabis Business Brokers, Inc.
Phone : 949-280-3092

Established CBD Company specializes in formulating, marketing and selling CBD nutritional supplements and nutraceutical products, derived from the hemp plant.  Product portfolio includes tinctures, capsules, soft gels, topical products and gummy products and all are sold via direct-mail, call centers and print advertising. Using disciplined customer acquisition practices and comprehensive product formulation testing methodologies, the Company has become one of the larger CBD companies in the US. All aspects of production, marketing and fulfillment are outsourced to specialty third parties, with the management team heavily involved in supervising the day to day performance of these functions.  The market for CBD products is expected to continue rapid growth to over $20 billion in the US by 2024, including uses in cosmetics, health products, food and beverage, pet products, skin care and pharmaceuticals. An early market entrant, and first to do direct mail, Seller innovated new products and marketing techniques to drive growth and retention of customers; without taking on any debt. Seller is the dominant direct mail CBD company, with high average order volume, using proven strategies acquired from years of experience in the dietary supplement space that are unique in the CBD industry. Seller expects to continue to grow its revenue and stand apart from the crowd.  Additional growth is expected to follow by applying these techniques to the online and retail channels, adding other cannabinoid products and expanding geographic reach.  It is expected that CBD products will be sold at pharmacies, fitness chains, yoga chains, mass retailers, cosmetic retailers and convenience stores.  Seller is well positioned to market its products to such direct retailers, given its established expertise in producing and marketing large volumes of quality, branded products. Expansion plans include digital marketing and expansion into international wholesale markets, including Mexico.  Gross Revenue is estimated at $11.5 million for 2020, based on results through August 2020. NDA and POF required.

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Cannabis & Hemp Banking

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