Creso Pharma Ltd (ASX:CPH, OTCQB:COPHF)’s wholly-owned subsidiary Sierra Sage Herbs LLC (SSH) has launched its new Green Goo product range through dedicated e-commerce channels in Canada.
The Green Goo range includes beauty, personal care and first aid products, with a total of 11 stock-keeping units now for sale online in Canada.
These products will also be launched through Amazon Canada in the coming weeks to increase additional exposure and sales growth and Creso Pharma is in advanced discussions with large traditional retail groups to stock the Green Goo product range across the country.
The launch follows an extensive product review and registration process with Health Canada. SSH has also started the process of lodging applications and registrations for other product ranges, including Southern Butter and Good Goo.
Broadening footprint
The move is part of a strategy to broaden the company's international footprint.
It highlights Creso Pharma’s commitment to positioning SSH as the leader in the North American over-the-counter (OTC) health product market, which was valued at US$62.88 billion in 2021 and is expected to growth at a compound annual growth rate (CAGR) of 6.04% by 2030.
Managing director and CEO William Lay said: “The introduction of the Green Goo range in Canada is a logical progression for Sierra Sage Herbs.
“The initial product launch is already yielding units experiencing pleasing revenue, with multiple stock keeping considerable demand.
“We anticipate that the pending launch on Amazon may underpin additional sales growth, while management continues to pursue ranging agreements with major retail groups across the country.
“The company looks forward to providing additional updates on sales growth and the introduction on its other ranges into the Canadian market.”