HempFusion Wellness re-ignites international sales with a $216,000 order from Dubai

HempFusion Wellness re-ignites international sales with a $216,000 order from Dubai

Proactive Investors

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HempFusion Wellness Inc (TSE:CBD.U) (OTCQX:CBDHF) (FRA:8OO) said it has received a $216,000 purchase order from a long-standing customer based in Dubai, the first significant purchase order the company has received in more than a year.  HempFusion said the multi-billion-dollar Dubai-based company has been a customer for over six years and distributes products throughout the Middle East, primarily in the United Arab Emirates.  “We are excited to see sign of a return to normal business practices across the globe. As people return to normal life, we're excited to see increases in further international channels such as Ireland, the United Kingdom and China,” HempFusion Wellness CEO Dr. Jason Mitchel said in a statement.  READ: HempFusion utilizing the power of whole-food hemp nutrition “This purchase order may be a great indication of what's to come in 2021 and beyond,” Dr. Mitchel added. HempFusion Wellness Head of International Development Patrick Bucaro added:  “We are pleased to see more and more of our international sales resume, and we believe this initial +$200,000 purchase order is just the beginning of increased international revenue for 2021.” “We are hopeful this particular customer will generate north of a million dollars annually for us moving forward.” HempFusion noted it remains focused on growing revenues both domestically and internationally through organic channels, in addition to the pursuit of merger and acquisition opportunities, as the company looks to expand revenue through accretive acquisitions. It added it maintains a strong cash balance, including over a year of working capital with no further financings planned. HempFusion distributes its family of brands, including HempFusion, Probulin Probiotics, Biome Research, and HF Labs, to around 4,000 retail locations across all 50 states of the US and select international locations. In addition, HempFusion’s wholly-owned subsidiary Probulin Probiotics is one of the fastest-growing probiotics companies in the US, according to data technology company SPINS. The subsidiary offers the unique MAKtrek 3-D system that ensures more probiotics arrive alive. Contact Sean at sean@proactiveinvestors.com

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