"The Company also anticipates the start of P19 CBD product sales in physical stores during this quarter, with details on a new strategic partnership set to be announced over the near-term.
Recent research from several firms, including Brightfield Group, has highlighted the importance of the shift from ecommerce to physical store sales for CBD products, which has been cited as a driving force in fostering dramatically accelerating growth in the overall sales of CBD-based products so far in 2019, including a 900% year-over-year growth in total sales this year. In line with this, the Company has been in negotiations with several potential physical retail store partners, and should be announcing an important next step very soon.
Mr. Williams continued, “We will be making several significant announcements over coming weeks that should clarify why we are so confident of a very successful stretch to close out 2019. We did not turn profitable by scaling back on our push for new growth. Quite the opposite – a fact that should be very clear in our coming announcements.”
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