Wildflower Brands Inc (OTCMKTS: WLDFF) is a name that just popped on our radar here at Insider Financial. Wildflower Brands is an under the radar pick that has been making big waves in the CBD market. As we took a closer look, there’s a lot going on with Wildflower Brands and why the stock is attractive at current levels.
Wildflower Brands Background
First up, here’s a little background info for those of you that are not familiar with Wildflower Brands. Wildflower Brands is a Vancouver-based company developing and designing brands that focus on plant-based health and wellness products. All of its brands work in synergy, toward becoming a global wellness leader.
Wildflower Brands has a delivery fulfillment agreement with HelloMD. Wildflower Brands has been expanding in multiple lines of businesses, and the monetization of its California operations and licenses continues with this agreement. By partnering with HelloMD’s e-commerce solution, Wildflower expands on its license to deliver more value-added services to the Los Angeles community.
HelloMD is the country’s leading digital healthcare platform for cannabis doctors, consumers, and brands, and has facilitated more than 100,000 virtual consults between cannabis patients and licensed practitioners. HelloMD’s patient education, onboarding, and product sales features can be quickly localized to meet regulatory and patient requirements in markets across the world. Through joint-ventures or white-label solutions, HelloMD partners leverage its platform to attract, nurture, convert and retain patient demand for medical cannabis.
Strong Quarterly Results
In March, Wildflower Brands announced more than $1.4M in sales in its second quarter, compared to $1.0M in the first quarter. Sales from all sources are up from the prior quarter with the largest increase coming from sales to other retailers throughout the United States. This marked the 10th consecutive quarter of increased revenue. Wildflower Brands reported sales of $1,410,135 (Q1: $1, 002,279) includes licensing fees, online sales, sales to other retailers throughout the United States and sales from the Company’s Los Angeles retailer, which includes deliveries.
First New York Location
In January, Wildflower Brands opened its first Wildflower by Bridges General store in Lower Manhattan at 770 Broadway. This retail location is in a high occupancy office tower housing Facebook’s NYC office, as well as other established digital media companies including Huffington Post, Yahoo, AOL, and Tumblr. Wildflower will be serving some of the most innovative minds in technology, media, and retail from this location.
Through its partnership with Retail Worx, Wildflower by Bridges General stores will have exclusive product offerings in addition to the full lineup of existing Wildflower Wellness CBD+ products. Wildflower aims to develop and support CBD knowledge in New York and our own branded stores will be a place to learn about incorporating CBD into a natural-plant based regime for total mind and body wellness. The stores will be a great complement to our existing online and retail presence throughout the US. William MacLean, CEO of Wildflower said:
“This is just the beginning of an amazing and mutually beneficial partnership with Retail Worx and is the first of our expansion into the important and influential New York market.”
Currently trading with a market cap of $36 million, WLDFF is an exciting name in the CBD space. With quarter-over-quarter revenue growth of 40%, we believe that Wildflower Brands is an undervalued opportunity at current levels. We have WLDFF on our radar and we believe it should be on every cannabis investor’s radar as well.
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Disclosure: We have no position in WLDFF and have not been compensated for this article.
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