The e-commerce-focused group said 14,091 customers also signed up for a subscription service during the month of April
Corp () (OTCPINK:PEMTF) (FSE:1WZ1) revealed Tuesday that it acquired a record-setting 17,996 new customers in April, a 48% jump from the same period a year earlier.
In a statement, the e-commerce-focused company said it also saw “strong demand” from customers enrolling in a subscription, totaling 14,091 new subscribers in April. This represented a 78% jump in new subscriber subscriptions, compared to April 2019.
The Vancouver-based company's popular Natures Exclusive brand has a CBD hemp-oil derived from hemp grown in the United States. The extraction process is designed to keep all the beneficial qualities of hemp intact. Natures Exclusive offers a range of products, which include CBD oil drops, CBD gummies, CBD pain relief cream, CDB skin serum and CBD coffee.
"We continue to see strong consumer demand for our entire range due to our concentrated customer acquisition efforts and by providing compelling products our customers are asking for,” Mota CEO Ryan Hoggan said in a statement.
“Our April new customer acquisition and subscription numbers are continued evidence of the strength of the business,” he added.
Hoggan said there was active demand for natural health solutions and, as a result, the company was very “excited” about the recent launch of a hand sanitizer containing CBD through its Nature's Exclusive brand.
The hand sanitizers contain 70% ethyl alcohol as its active ingredient, as well as CBD isolate and Vitamin E, and will initially be offered only to consumers in the United States, the company said.
Meanwhile, Mota also noted that it has granted 7,995,000 incentive stock options to some directors, officers and consultants - the options vest immediately, and are exercisable at a price of $0.30 for a period of 60 months.
Mota, based in Vancouver, has its sights set on becoming a vertically integrated CBD company with operations in Europe and the Americas. It operates a 2.5-hectare growing site in Colombia and has begun to establish sales and distribution channels through the acquisition of the Sativida and First Class CBD brands.
Contact the author Uttara Choudhury at [email protected]
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