HempFusion Wellness Inc. (TSX:CBD.U) (OTCQX:CBDHF)
(FWB:8OO) (“HempFusion” or the “Company”), a leading health and
wellness Company offering premium probiotic supplements and
products containing CBD, is pleased to announce the launch of its
highly anticipated CBD Gummy line.
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the full release here:
https://www.businesswire.com/news/home/20210805005289/en/
“HempFusion's new CBD gummies not only
taste great, they give me the support I need to train hard and
recover every day," Kaillie Humphries, Two-Time Gold Medalist,
Five-Time World Champion and Women's Bobsled GOAT. (Photo: Business
Wire)
Utilizing HempFusion’s proprietary broad-spectrum hemp extract,
never an isolate, the Company’s new, great tasting gummies feature
natural functional ingredients and premium flavors, two popular
consumer driven trends. According to Brightfield Group, the CBD
gummy market is set to achieve $500 million in sales in 2021, up
44% from 2020, and is expected to reach $1.8 billion in 2026.
“Now available from HempFusion.com, our gummy line is our newest
revenue driver and is now shipping to major Food, Drug and Mass
retail and convenience locations with further distribution planned
across International Markets as well as ecommerce sites,” stated
Jason Mitchell, N.D., Chief Executive Officer of HempFusion
Wellness Inc. “We welcome consumers to learn more and try our
delicious new Elderberry CBD Immune Support and Summer Cherry
Gummies for themselves by visiting HempFusion.com. Use code
‘Gummyrush25’ to enjoy 25% off plus free shipping through September
4, 2021.”
“Our customers have demonstrated positive initial feedback to
our Gummy products in the areas of taste, packaging, assortment and
pricing,” added Jon Visser, Chief Revenue Officer at HempFusion
Wellness Inc. “Our decision to manufacture these products into
three different sizes gives us access into potentially multiple
locations within a retailer to drive consumer trial and up-size
conversion. Specifically, the single package appeals to retail
channels such as Convenience, Frontend Checkstand, Airport and
Hospitality that focus primarily on single-use products for
purchase.”
HempFusion’s new Elderberry CBD Immune Support Gummies include
10 mg of broad spectrum CBD alongside 100 mg of elderberry extract,
a functional ingredient scientifically studied to support the
immune system. In a general population study of 5,000 consumers by
Evergi, Brightfield Group’s wellness platform, “immune boosting”
benefits were the second most popular health claim that consumers
look for when purchasing food, beverage and supplement
products.
In addition to elderberry, HempFusion’s new line includes Summer
Cherry Gummies, a sweet and tart flavor experience delivering 10 mg
of HempFusion’s best-in-class broad spectrum CBD in a delicious
chew.
HempFusion’s premium CBD gummies available in 30 and six count
packages for $29.99 and $9.99 respectively. Single count packages,
priced at $3.49, will be available at convenience stores for
consumers interested in sampling HempFusion gummies.
HempFusion gummies contain no THC (tested to be less than .01%),
are vegan and free of gluten, gelatin, and artificial colors,
flavors, and sweeteners.
ABOUT HEMPFUSION
HempFusion is a leading health and wellness CBD company
utilizing the power of whole-food hemp nutrition. HempFusion
distributes its family of brands, including HempFusion, Probulin
Probiotics, Biome Research, and HF Labs, to approximately 4,000
retail locations across all 50 states of the United States and
select international locations. Built on a foundation of regulatory
compliance and human safety, HempFusion’s diverse product portfolio
comprises 48 SKUs including tinctures, proprietary FDA Drug Listed
Over-The-Counter (OTC) Topicals, Doctor/Practitioner Lines and
more. With a strong focus on research and development, HempFusion
has an additional 30 products under development. HempFusion is a
board member of the US Hemp Roundtable, and HempFusion’s
wholly-owned subsidiary, Probulin Probiotics, is one of the
fastest-growing probiotics companies in the United States,
according to SPINs reported data. HempFusion’s CBD products are
based on a proprietary Whole Food Hemp Complex™ and are available
in-store or by visiting HempFusion online at www.hempfusion.com or
www.probulin.com.
Follow HempFusion on Twitter, Facebook and Instagram and
Probulin on Twitter, Facebook and Instagram.
Neither the TSX nor its Regulation Services Provider (as that
term is defined in the policies of the TSX) accepts responsibility
for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and
forward-looking information within the meaning of Canadian
securities legislation (collectively, “forward-looking statements”)
that relate to HempFusion’s current expectations and views of
future events. Any statements that express, or involve discussions
as to, expectations, beliefs, plans, objectives, assumptions or
future events or performance (often, but not always, through the
use of words or phrases such as “will likely result”, “are expected
to”, “expects”, “will continue”, “is anticipated”, “anticipates”,
“believes”, “estimated”, “intends”, “plans”, “forecast”,
“projection”, “strategy”, “objective” and “outlook”) are not
historical facts and may be forward-looking statements and may
involve estimates, assumptions and uncertainties which could cause
actual results or outcomes to differ materially from those
expressed in such forward-looking statements. No assurance can be
given that these expectations will prove to be correct and such
forward-looking statements included in this news release should not
be unduly relied upon. These statements speak only as of the date
of this news release. In particular and without limitation, this
news release contains forward-looking statements relating to the
Company’s CBD gummy line as a revenue driver, shipment of the gummy
line to major Food, Drug and Mass retail and convenience locations,
planned distribution of the gummy line across International Markets
and ecommerce sites, potential access to multiple locations within
retailers through product sizing and the Company’s other plans,
focus and objectives.
Forward-looking statements are based on a number of assumptions
and are subject to a number of risks and uncertainties, many of
which are beyond HempFusion’s control, which could cause actual
results and events to differ materially from those that are
disclosed in or implied by such forward-looking statements. Such
risks and uncertainties include, but are not limited to, the impact
and progression of the COVID-19 pandemic and other factors set
forth under “Cautionary Note Regarding Forward-Looking Statements”
and “Risk Factors” in the annual information form of the Company
dated March 31, 2021 and available under the Company’s profile on
SEDAR at www.sedar.com. HempFusion undertakes no obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
may be required by law. New factors emerge from time to time, and
it is not possible for HempFusion to predict all of them or assess
the impact of each such factor or the extent to which any factor,
or combination of factors, may cause results to differ materially
from those contained in any forward-looking statement. Any
forward-looking statements contained in this news release are
expressly qualified in their entirety by this cautionary
statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210805005289/en/
Jason Mitchell, N.D. Chief Executive Officer and Director Email:
ir@hempfusion.com Phone: 416-803-5638
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