Simply Better Brands (TSXV:SBBC) achieves October revenue of US$2.6M

• Simply Better Brands (SBBC) has taken in US$2.6M in revenue for October 2021 driven by customer acquisition
• This represents 220-per-cent growth over the average monthly revenue for the third quarter
• The company is forecasting accelerated growth for its key PureKana, No B.S. Skincare and TRUBAR brands into 2022
• Simply Better Brands leads an international omni-channel platform with diversified assets in the plant-based and holistic wellness consumer product categories
• Simply Better Brands (SBBC) closed up by 0.38 per cent trading at $5.30 per share

Simply Better Brands (SBBC) has taken in US$2.6M in revenue for October 2021 driven by customer acquisition.

This represents 220-per-cent growth over the average monthly revenue for the third quarter.

Commercial highlights driving the company’s continued scaling are as follows:

• PureKana CBD launched a new customer acquisition strategy based on data science. Consumer engagement is up over 300 per cent in October 2021 compared to the last 90-day trend
• PureKana also launched single-serve OTC gummies and a discreet, oral CBD strip, while continuing to expand its cannabinoid and active ingredient formulas
• Incremental investment in sales capability to enable shopper-centric solutions by channel

The current pacing indicates expected growth in the company’s wellness sector of 18-20 per cent in the second half of 2021.

Expected company-wide sales growth in the second half of 2021 stands at 93 per cent compared to the first half of 2021, including PureKana, No B.S. Skincare and TRUBAR.

Kathy Casey, Simply Better Brands’ CEO, stated,

“In the growing, but crowded, CBD wellness space, strong customer acquisition is a strong leading indicator to validate our differentiated consumer offering and ability to break through the noise. We remain committed to leverage data science and innovation to emotionally connect with informed consumers on their wellness journey. With our recent commercial wins, we forecast our key brands of PureKana, TRUBAR (plant-based nutrition) and No B.S. Skincare (clean ingredient skin care) for accelerated growth in 2022.”

Simply Better Brands leads an international omnichannel platform with diversified assets in the plant-based and holistic wellness consumer product categories.

Simply Better Brands (SBBC) closed up by 0.38 per cent trading at $5.30 per share.