Sales of Love Hemp increased by nearly 107% during the month of May compared to January 2020 levels
Codebase Ventures Inc () () investee firm, () (OTCQB:WRHLF) has said its Love Hemp subsidiary saw strong sales growth during the month of May.
Love Hemp said that May’s figures, which have not yet been publicly released, were 107% higher than January’s levels.
In a statement Friday, the UK-based company said that strong sales growth reflects “continued brand appeal and ongoing product innovation” as a result of Love Hemp’s focus on building its brand while destigmatizing the use of CBD in the UK.
READ: Codebase Ventures subsidiary World High Life appoints healthcare expert Sepe Sehati as chief scientific and regulatory advisor for Love Hemp
Love Hemp said its team has been “highly responsive” to customer needs throughout the coronavirus (COVID-19) pandemic, helping to increase awareness and the brand’s capacity online to fuel sales.
“Anticipating that as the wider variety of retail sales channels re-emerge as COVID-19 measures loosen, the brand will be able to serve and engage with customers in new and innovative ways,” World High Life said in a statement.
London-based World High Life is an investment company with a strategic focus to invest in or acquire companies operating in the CBD wellness and medicinal cannabis industry. Established in 2015, Love Hemp boasts a range of CBD products such as oils, edibles, cosmetics and vaping merchandize.
Vancouver-based Codebase Ventures aims to invest early in sectors that have significant upside, including the cannabis sector.
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