Nature’s Exclusive posted revenue in May of C$5,141,000, up 110% compared to the same month a year earlier
Corp () (OTCPINK:PEMTF) (FSE:1WZ1) has revealed Wednesday that its e-commerce-focused subsidiary, Nature’s Exclusive posted a record jump in revenue in May to C$5,141,000, up 110% compared to the same month a year earlier.
Mota said Nature’s Exclusive, which provides CBD products to consumers in the United States and Europe, had expenses of C$4,992,000, netting a gross profit of C$149,000 for last month.
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.
Mota credits the success to its online customer acquisition strategy and sustained “investment in customer acquisition” resulting in 23,141 new customers during the month of May. The company is disseminating more information on its natural health brands through its site www.motaventuresco.com as well as newsletters.
The company also said consumers continue to seek “natural health solutions” which bodes well for its high-quality Nature's Exclusive brand.
"I am very pleased our Nature's Exclusive brand achieved another monthly sales record. We continued to expand in the United States, and our outlook for the second half of fiscal 2020 is very positive,” Mota CEO Ryan Hoggan said in a statement.
“We remain on track to achieve our goals for 2020 despite the recent economic turmoil," he added.
The group noted that the April revenue figures have not been audited and are based on calculations prepared by management. Mota said the figures were translated from US dollars into Canadian dollars using the monthly average exchange rate.
Contact the author Uttara Choudhury at [email protected]
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