- Wildflower Brands has more than 300 U.S. outlets for its CBD+ cannabidiol product line and is expanding its presence in British Columbia and across Canada through its expected acquisition of City Cannabis Corp.
- The company is also preparing to expand into Poland and on into Europe through an arrangement with pharmaceutical distributor Two Towers
- Wildflower’s brand presence gained upscale attention when it was featured at a curated CBD-themed baby shower for celebrity businesswoman Kim Kardashian at her Los Angeles-area estate this month
Wildflower Brands Inc. (CSE: SUN) (OTCQB: WLDFF) and its pending acquisition, City Cannabis Corp., are a step closer to full licensing in the upscale coastal environs of Vancouver Island’s Comox city, establishing the company as the largest legal cannabis retailer in the province of British Columbia and an attention-getting distributor of wellness products.
Wildflower announced on May 6 that the Provincial Liquor and Cannabis Regulation Branch has granted approval in principle (“AIP”) to City Cannabis’ planned store location in Comox, meaning that City Cannabis could achieve full licensing in Comox once a final inspection is completed (http://ibn.fm/AaWay). The downtown Comox location would be the first licensed store to support the entire Comox Valley area, a summer tourism destination overlooking the Canadian Pacific Coast’s Georgia Strait whose permanent population has an average household income of $86,328, according to the announcement.
Wildflower has been cultivating its brand portfolio for rapid growth along the West Coast and eastward all the way to Europe. In the United States, Wildflower has over 200 retailers in Washington and 14 cannabis licenses in California — currently the world’s largest cannabis market — with about 100 other stores nationwide.
An agreement with wholesale medicinal product distributor Two Towers is opening doors in Poland to Wildflower’s CBD+ line of products, with expectations of expansion into the rest of Europe. At the same time, City Cannabis’ declared purpose of spreading to 20 or 30 retail outlets across Canada suits its designs to provide medicinal and recreational life-affirming benefits to people battered by the fast pace of life in metropolitan areas.
Wildflower’s upscale, happy lifestyle appeal was evident at the CBD-themed baby shower for celebrity businesswoman Kim Kardashian at her Los Angeles-area estate this month. Kardashian and her celebrated friends enjoyed using a variety of Wildflower cannabidiol products as part of the festive gathering curated by HelloMD to create an experiential wellness event (http://ibn.fm/JsBZG).
Wildflower has an existing delivery fulfillment contract with HelloMD, a nationally recognized medical cannabis education outlet, that will particularly benefit Wildflower’s Exclusive brand, which is targeted to select hospital oncology departments and community programs in Los Angeles looking for high-quality cannabis.
The Kardashian baby shower included opportunities to use Wildflower’s CBD+ Aches blend vaporizer before a sound bath, and a CBD bar where guests made their own infused oils and bath salts. Guests received a CBD+ starter kit featuring lavender and vanilla CBD soaps, CBD capsules, Cool Stick and the Immunity Vaporizer.
“With the growing mainstream interest in the benefits of CBD, Wildflower continues to receive recognition as (a) leading premium brand representing quality plant-based wellness. I am proud of our products and the relief and support it brings people from all walks of life,” Wildflower CEO William Maclean stated in the news release announcing the event.
Media report that the market for CBD products is expected to grow to $22 billion by 2022 (http://ibn.fm/wdqpl) and $75 billion by 2030 (http://ibn.fm/uXlXv), establishing a foundation for the potential profitability of Wildflower’s ventures.
For more information, visit the company’s website at www.WildflowerBrands.co
NOTE TO INVESTORS: The latest news and updates relating to WLDFF are available in the company’s newsroom at http://ibn.fm/WLDFF
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