Flora Progress Corp. (NASDAQ:FLGC) introduced as we speak that its model JustCBD has partnered with German firm Greenyard to open brick-and-mortar shops all through Germany and the Czech Republic.
Along with the opening of brick-and-mortar shops, JustCBD merchandise shall be distributed by Greenyard all through Germany, the Czech Republic, Poland, Austria, Switzerland, Ukraine, Georgia and Estonia.
A complete of 4 shops in Germany and the Czech Republic are below building and are anticipated to open by the top of the second quarter, with as much as 50 further shops opening in 2023.
The shops will carry JustCBD’s full product line, together with gummies, tinctures, vape cartridges, lotions, pet wellness, and extra.
“As a number one wellness model in the US, we imagine the standard of JustCBD’s sought-after merchandise will end in sturdy demand within the European market,” Hussein Rakine, JustCBD’s founder, mentioned. “This inaugural European growth is predicted to be the primary of many initiatives in a broader worldwide progress technique. We couldn’t be extra enthusiastic about launching this partnership with Greenyard and are honored to convey our high quality wellness merchandise to the European market.”
JustCBD is a longtime CPG wellness model with over 300 merchandise and a seamless omnichannel method that features a direct-to-consumer enterprise with over 300,000 prospects and a community of over 14,000 distribution factors throughout the US and internationally.
Flora acquired the model in February of 2022, a transfer that Flora’s govt staff believes will strengthen their foothold within the North American market and globally.