Cosmos Health Signs Distribution Agreement with ZENDON s.r.o. in Slovakia, Hungary, Poland, and Czechia for Its Sky Premium Life Nutraceutical Products; Gains Access to More than 6,000 Stores of Leading Pharmacy and Retail Chains
Cosmos Health announced a distribution agreement with ZENDON for its Sky Premium Life nutraceutical products in Slovakia, Hungary, Poland, and Czechia. The agreement will leverage Zendon's existing partnerships with leading pharmacy and retail chains, providing access to over 6,000 stores. This strategic move aims to gain market share in Central and Eastern Europe, with major partners including Dr. Max, Teta Drogerie, and Rossmann. CEO Greg Siokas highlighted the company's commitment to expanding its global footprint and achieving sustained profitability.
- Distribution agreement with ZENDON covers Slovakia, Hungary, Poland, and Czechia.
- Access to over 6,000 stores via Zendon's partnerships with leading pharmacy and retail chains.
- Notable partners include Dr. Max, Teta Drogerie, and Rossmann.
- Strategic move aimed at increasing market share in Central and Eastern Europe.
- None.
Cosmos Health's distribution agreement with ZENDON s.r.o. to access over
From a financial standpoint, the agreement could lead to significant top-line growth. With a wider distribution network, Sky Premium Life products have a higher chance of increasing sales volume, which could, in turn, improve the company's financial performance. However, investors should also consider the costs associated with this expansion, including marketing, logistics and regulatory compliance. Understanding these costs is important as they will impact the overall profitability.
In terms of industry norms, such strategic partnerships and distribution agreements are common in the pharmaceutical and nutraceutical industries. Typically, companies seek to expand their market reach through partnerships, leveraging the established networks and expertise of local distributors. This strategy helps to mitigate entry barriers and accelerates market penetration.
Short-term, investors might see increased expenses due to the initial rollout and marketing efforts. However, long-term benefits could include a growing customer base and steady revenue streams. It's also worth monitoring Cosmos Health's ability to maintain partnership quality and meet regulatory standards in these new markets to avoid unforeseen setbacks.
The agreement with ZENDON positions Cosmos Health to scale its Sky Premium Life brand effectively. By leveraging ZENDON's existing relationships with leading pharmacy and retail chains, Cosmos Health can rapidly increase its brand visibility and consumer accessibility in these regions. The pharmacy chains mentioned, such as DR MAX and TETA DROGERIE, have extensive footprints, ensuring that Sky Premium Life products will be widely available.
From a market research perspective, this move allows Cosmos Health to enter a growing market segment. The nutraceutical industry, which encompasses dietary supplements and functional foods, is experiencing increasing consumer demand driven by health awareness and an aging population. Central and Eastern Europe, in particular, is a burgeoning market for such products due to rising disposable incomes and health-conscious consumers.
However, it's essential to highlight potential challenges. Market penetration in new regions can be fraught with cultural and regulatory hurdles. Ensuring product acceptance and compliance with local health regulations will be critical. Additionally, the competitive landscape in these regions includes established local and international brands, which could impact market share growth.
Overall, this strategic partnership seems to align well with industry trends and provides a solid foundation for future growth. Investors should keep an eye on initial sales figures and market reception post-launch to gauge the success of this expansion.
CHICAGO, IL / ACCESSWIRE / July 1, 2024 / Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ:COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary pharmaceutical and nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, announced today that it has signed a distribution agreement (the "Agreement") with ZENDON s.r.o. ("Zendon"), based in Bratislava, Slovakia, for its Sky Premium Life nutraceutical products in Slovakia, Hungary, Poland, and the Czech Republic.
Under the Agreement, Zendon will be responsible for all key functions, including regulatory affairs, sales and marketing, logistics, supply, and distribution of the Company's proprietary brand of nutraceuticals, Sky Premium Life, in the stated countries. Having formed strategic partnerships with leading pharmacy and retail group chains in the countries where it operates, including Dr. Max, Teta Drogerie, and Rossmann, Zendon will ensure the wide availability of Sky Premium Life products to consumers. To this end, the Company believes that Zendon is well positioned to help it effectively gain market share in the region.
Below is the complete list of Zendon's current partners:
DR MAX, with 2,300 stores in Slovakia, Czechia, Poland, and Hungary, is one of the largest retail pharmacy groups in Central Europe.
LEKÁREŇ BENU has 157 stores in Slovakia, offering customers quality pharmaceutical products and reliable health services.
TETA DROGERIE, with 751 stores in Slovakia and Czechia, leads in the sale of cosmetics, hygiene products, and dietary supplements.
DM DROGERIE, with 481 stores in Slovakia, Czechia, Poland, and Hungary, offers a wide range of health and beauty products at affordable prices.
101 DROGERIE, with 180 stores in Slovakia, is a reliable choice for pharmaceutical products, cosmetics, and hygiene products.
HERBARIA, with 95 stores in Hungary, focuses on selling natural health and beauty products.
MULLER, with 36 stores in Hungary, offers customers a wide variety of products, from food and clothing to pharmaceutical products and cosmetics.
ROSSMANN, with 1,514 stores in Slovakia, Czechia, Poland, and Hungary, is one of the largest retail groups for dietary supplements and cosmetics in Europe.
TOP DROGERIA, with 350 stores in Slovakia and Czechia, offers customers quality health and beauty products at affordable prices.
DROGERIE NATURA, with 257 stores in Poland, focuses on selling natural health and beauty products.
Greg Siokas, CEO of Cosmos Health, stated: "Our business development team has been very busy expanding the reach of our Sky Premium Life products, and we are thrilled to announce our collaboration with Zendon, dynamically entering new lucrative markets in Central and Eastern Europe. We have set the bar high, following our solid momentum and successful execution of distribution agreements. We look forward to continuing to expand our footprint globally, raising brand awareness, receiving additional purchase orders, and taking another step towards sustained profitability."
About Cosmos Health Inc.
Cosmos Health Inc. (Nasdaq:COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe® and C-Sept®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency, it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&D partnerships targeting major health disorders such as obesity, diabetes, and cancer, enhanced by artificial intelligence drug repurposing technologies, and focuses on the R&D of novel patented nutraceuticals, specialized root extracts, proprietary complex generics, and innovative OTC products. Cosmos Health has also entered the telehealth space through the acquisition of ZipDoctor, Inc., based in Texas, USA. With a global distribution platform, the Company is currently expanding throughout Europe, Asia, and North America, and has offices and distribution centers in Thessaloniki and Athens, Greece, and in Harlow, UK. More information is available at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, www.zipdoctor.co, as well as LinkedIn and X.
Forward-Looking Statements
With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by, or that otherwise, include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could", are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed, herein for a variety of reasons that are outside the control of the Company, including, but not limited to, the Company's ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic and the war in Ukraine, on the Company's business, operations and the economy in general, and the Company's ability to successfully develop and commercialize its proprietary products and technologies. Readers are cautioned not to place undue reliance on these forward- looking statements, as actual results could differ materially from those described in the forward-looking statements contained herein. Readers are urged to read the risk factors set forth in the Company's filings with the SEC, which are available at the SEC's website (www.sec.gov). The Company disclaims any intention or obligation to update, or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Relations Contact:
BDG Communications
cosm@bdgcommunications.com
+44 207 0971 653
SOURCE: Cosmos Health Inc.
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