U.S. E-COMMERCE OVERNIGHT SUCCESS: Pure Therapy, Pure Profits!
E-commerce is the biggest growth story of the past decade, though the rise of the cannabis market in North America might actually rival e-commerce in that regard. But is it possible to leverage the upside in both of these fast-tracked markets?
It is possible, and combining the best of both worlds is BevCanna Enterprises Inc. (CSE: BEV, OTCQB: BVNNF), the diversified health and wellness, beverage and natural products company completed its acquisition of direct-to-consumer e-commerce company Naturally Pure Therapy Products Corp.
What exactly is Pure Therapy? It’s an established direct to consumer e-commerce retailer selling of a diverse range of natural health products, including nutraceutical and hemp-based cannabidiol products throughout North America and western Europe. Pure Therapy’s extensive catalogue of formulations are proprietary and professionally crafted based on market demand and product quality.
Suffice it to say that Pure Therapy is truly a proven e-commerce brand and platform. With the business combination finalized, BevCanna intends to further expand this business vertical and products directly into the global health and wellness market, including the burgeoning U.S. CBD market.
What Pure Therapy brings to the table is an extensive list of over 23,000 customers acquired since the company’s inception. Impressively, the Pure Therapy brand achieved unaudited calendar-year 2019 gross revenues of CAD$4.8 million.
In the wake of the business combination, BevCanna anticipates strong growth over the next 12 months, achieved through new product integration, acceleration of revenue from the growth of the existing natural health product line, and leveraging the extensive e-commerce marketing expertise of the current Pure Therapy team.
John Campbell, BevCanna’s Chief Strategy Officer, is pleased to add Pure Therapy to his company’s already extensive product lineup.
“The Pure Therapy products will be an excellent addition to our portfolio, and we’ll be able to leverage the powerful direct sales platform to sell our own BevCanna hemp-based CBD beverages to a large and growing customer base. We see this as an excellent entry point into the burgeoning U.S. and the worldwide market,” Mr. Campbell elaborated.
And in a breaking press release, we’ve learned that Pure Therapy has already achieved record sales since its acquisition by BevCanna.
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Reportedly, the Pure Therapy e-commerce platform has continued its strong 2020 revenue growth into the first quarter of 2021, with extremely positive month-to-date revenues.
BevCanna’s goal with the Pure Therapy acquisition was to quickly build a strong recurring revenue stream, and that’s working out according to plan.
Pure Therapy reported a projected run rate of approximately CAD$7.68 million in revenues and positive EBITDA in 2021. Not only that, but the company has acquired 3,270 new active customers since its acquisition by BevCanna.
Pure Therapy will play a pivotal role in BevCanna unlocking even stronger revenues as BevCanna quickly gains market share – not just in U.S. e-commerce, but globally as well.
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We are not securities dealers or brokers, investment advisers or financial advisers, and you should not rely on the information herein as investment advice. We are a marketing company and are paid advertisers. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. You should not make any investment decisions based on our communications. On March third twenty twenty one, in connection with our agreement with Bevcanna Enterprises Inc, we received five hundred thousand dollars, from Bevcanna Enterprises Inc. On March ninth of this year, we purchased two and a half million warrants, directly from the company. Examples that we provide of share price increases pertaining to a particular Issuer from one referenced date to another represent an arbitrarily chosen time period and are no indication whatsoever of future stock prices for that Issuer and are of no predictive value. Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or constitute an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEDAR and SEC filings, press releases, and risk disclosures. It is our policy that information contained in this profile was provided by the company, extracted from SEDAR and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it.
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