The company said this further contributes to its growth and brand expansion initiatives strategy for 2021, with Harvest One continuing to focus on the distribution expansion of Dream Water within the North American market
Harvest One Cannabis Inc. (CVE:HVT) (OTCQB:HRVOF) said it has reached agreements for US market expansion of its retail distribution footprint with five major National key account partners from Virginia, Arizona, Massachusetts, North Carolina and Montana.
The company said this further contributes to its growth and brand expansion initiatives strategy for 2021, with Harvest One continuing to focus on the distribution expansion of Dream Water within the North American market.
It noted that recent partnerships with five major retailers will see Dream Water available in an additional 11,000 retail locations within the US market, with each of these partnerships providing unique product placements that will focus on brand awareness and product trial.
READ: Harvest One expands LivRelief portfolio with the launch of its Extra Strength Transdermal CBD Cream
Entrance into new and emerging channels has been a key priority of the organization, Harvest One added, and the company continues to execute on this strategy. The expanded channel strategy will allow for growth of the company's existing CPG brands and set them up for future success and expanded line extensions, it added.
In a statement, Gord Davey, president and CEO of Harvest One commented: "Executing on our commitments for expansion and channel development is key to our long term growth. These relationships, complimented by our existing partners and distribution network in the U.S. market, will accelerate brand awareness and product trial and demonstrates the strength of our product in the Health and Wellness category.
"This expanded distribution accomplishment is exciting news as it will foster additional growth of the Company's existing CPG brands and set us up for future success with both our infused and non-infused products."
Harvest One is a global cannabis-infused CPG leader that develops and distributes premium health, wellness and self-care products with a market focus on sleep and pain. The company is uniquely positioned in the cannabis space with a focus on cannabis-infused and non-infused consumer packaged goods. Harvest One owns and operates two subsidiaries; Dream Water Global and LivRelief.
Contact the author at jon.hopkins@proactiveinvestors.com