Glow Lifetech Announces Expansion into New Brunswick Market with MOD(TM) Drops, Marking Atlantic Canada Debut
Glow LifeTech Corp. (GLWLF) has announced its expansion into New Brunswick through a purchase order from Cannabis NB, marking its first entry into Atlantic Canada. The company will initially launch MOD™ THC Berry Drops and MOD™ THC Lime Drops in the region, with products set to ship in January 2025.
The expansion follows a successful 2024, where Glow's MOD™ and .decimal™ brands achieved significant presence in Ontario, reaching over 750 retail locations. The company recently reported strong Q3 2024 performance with 49% quarter-over-quarter revenue growth and 73% gross margins.
Products will be available through Cannabis NB retail stores and their private retailer partners, as the company continues its strategic growth across Canada.
Glow LifeTech Corp. (GLWLF) ha annunciato la sua espansione nel New Brunswick attraverso un ordine di acquisto da Cannabis NB, segnando il suo primo ingresso nell'Atlantico canadese. L'azienda lancerà inizialmente MOD™ THC Berry Drops e MOD™ THC Lime Drops nella regione, con i prodotti che verranno spediti a gennaio 2025.
L'espansione segue un 2024 di successo, in cui i marchi MOD™ e .decimal™ di Glow hanno raggiunto una significativa presenza in Ontario, superando oltre 750 punti vendita. L'azienda ha recentemente riportato una forte performance nel Q3 2024 con una crescita del fatturato del 49% da un trimestre all'altro e margini lordi del 73%.
I prodotti saranno disponibili attraverso i negozi al dettaglio di Cannabis NB e i loro partner rivenditori privati, mentre l'azienda continua la sua crescita strategica in tutto il Canada.
Glow LifeTech Corp. (GLWLF) ha anunciado su expansión en New Brunswick a través de una orden de compra de Cannabis NB, marcando su primera entrada en el Atlántico canadiense. La compañía inicialmente lanzará MOD™ THC Berry Drops y MOD™ THC Lime Drops en la región, con productos programados para enviar en enero de 2025.
La expansión sigue a un exitoso 2024, donde las marcas MOD™ y .decimal™ de Glow lograron una presencia significativa en Ontario, alcanzando más de 750 puntos de venta. La compañía recientemente reportó un sólido rendimiento en el Q3 2024 con un crecimiento de ingresos del 49% de un trimestre a otro y márgenes brutos del 73%.
Los productos estarán disponibles a través de las tiendas minoristas de Cannabis NB y sus socios minoristas privados, mientras la compañía continúa su crecimiento estratégico en Canadá.
글로우 라이프테크 주식회사 (GLWLF)는 캐나다 대서양 지역에 첫 진출을 알리며 Cannabis NB로부터 구매 주문을 통해 뉴 브런즈윅으로의 확장을 발표했습니다. 회사는 처음에 MOD™ THC 베리 드롭스와 MOD™ THC 라임 드롭스를 이 지역에서 출시할 예정이며, 제품은 2025년 1월에 배송될 예정입니다.
이번 확장은 2024년에 성공적으로 이루어진 것으로, Glow의 MOD™와 .decimal™ 브랜드가 온타리오주에서 750개 이상의 소매점에 진출하는 성과를 이뤘습니다. 회사는 최근 2024년 3분기 실적이 전 분기 대비 매출이 49% 성장했으며, 총 이익률이 73%에 달했다는 강력한 보고서를 발표했습니다.
제품은 Cannabis NB 소매점과 그들의 개인 소매 파트너를 통해 제공되며, 회사는 캐나다 전역에서 전략적 성장을 지속하고 있습니다.
Glow LifeTech Corp. (GLWLF) a annoncé son expansion dans le Nouveau-Brunswick grâce à un bon de commande de Cannabis NB, marquant ainsi sa première entrée dans le Canada atlantique. L'entreprise lancera initialement MOD™ THC Berry Drops et MOD™ THC Lime Drops dans la région, avec des produits qui seront expédiés en janvier 2025.
Cette expansion fait suite à une année 2024 réussie où les marques MOD™ et .decimal™ de Glow ont réussi à établir une présence significative en Ontario, atteignant plus de 750 points de vente. L'entreprise a récemment rapporté de solides performances au troisième trimestre 2024 avec une croissance du chiffre d'affaires de 49 % d'un trimestre à l'autre et des marges brutes de 73 %.
Les produits seront disponibles dans les magasins de détail de Cannabis NB et chez leurs partenaires détaillants privés, tandis que l'entreprise continue sa croissance stratégique à travers le Canada.
Glow LifeTech Corp. (GLWLF) hat seine Expansion nach New Brunswick durch einen Bestellauftrag von Cannabis NB angekündigt, was den ersten Eintritt in den Atlantik-Kanada markiert. Das Unternehmen wird zunächst MOD™ THC Berry Drops und MOD™ THC Lime Drops in der Region einführen, wobei die Produkte für den Versand im Januar 2025 vorgesehen sind.
Die Expansion folgt auf ein erfolgreiches Jahr 2024, in dem die Marken MOD™ und .decimal™ von Glow eine signifikante Präsenz in Ontario erreichten und über 750 Verkaufsstellen übertroffen wurden. Das Unternehmen berichtete kürzlich über starke Leistungen im 3. Quartal 2024 mit einem Umsatzwachstum von 49% im Vergleich zum Vorquartal und Bruttomargen von 73%.
Die Produkte werden über die Einzelhandelsgeschäfte von Cannabis NB und deren private Einzelhandelspartner erhältlich sein, während das Unternehmen weiterhin strategisch in ganz Kanada expandiert.
- 49% quarter-over-quarter revenue growth in Q3 2024
- 73% gross margins in Q3 2024
- Presence in 750+ retail locations in Ontario
- Geographic expansion into New Brunswick market
- None.
Toronto, Ontario--(Newsfile Corp. - January 13, 2025) - Glow LifeTech Corp. (CSE: GLOW) (OTCQB: GLWLF) (FSE: 9DO) ("Glow" or the "Company") is pleased to report its expansion of its flagship MOD™ drops brand into the Province of New Brunswick. This milestone follows the receipt of the Company's first purchase order from Cannabis NB, New Brunswick's exclusive authorized wholesaler of legal recreational cannabis products.
"2024 was a transformative year for Glow, with our innovative MOD™ and .decimal™ brands achieving rapid success in Ontario, now available in over 750 retail locations across the province," said Rob Carducci, CEO of Glow LifeTech. "We're thrilled to build on this momentum as we enter 2025, launching MOD™ drops in New Brunswick and introducing our market-leading products to Atlantic Canada for the first time. This expansion represents another step forward as we continue laying the foundation for growth into additional provinces throughout 2025."
The Company's initial launch in New Brunswick will feature the MOD™ THC Berry Drops and MOD™ THC Lime Drops SKUs, serving as an introduction to the brand and leveraging the successful portfolio launch strategy employed in Ontario. The first orders are set to ship in January 2025, with products becoming available for purchase across New Brunswick through Cannabis NB retail stores and their private retailer partners.
By bringing its category-leading products to a new region, Glow continues to execute on its growth strategy of expanding its footprint across Canada while delivering innovative, consumer-focused solutions. With proprietary technology and a proven track record of success in Ontario, the Company is well-positioned to capture new market opportunities and drive sustained growth in 2025 and beyond.
Recent News
The Company recently reported
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About Glow LifeTech Corp
Glow LifeTech is a Canadian-based biotechnology company focused on producing nutraceutical and cannabinoid-based products with dramatically enhanced bioavailability, absorption and effectiveness. Glow has a groundbreaking, plant-based MyCell Technology® delivery system, which transforms poorly absorbed natural compounds into enhanced water-compatible concentrates that unlock the full healing potential of the valuable compounds.
Website: www.glowlifetech.com
Contact:
Rob Carducci, CEO
Glow LifeTech Corp.
TF. 855-442-GLOW (4569)
ir@glowlifetech.com
Forward-Looking Information Cautionary Statement
Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements in this news release include statements with respect to the proposed Debt Settlement, including the amount and completion thereof and statements regarding the Offering, including the amount of proceeds expected to be raised, the timing for closing, the receipt of required regulatory approvals and the intended use of proceeds. Forward-looking statements are based on the opinions and estimates at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the Offering and Debt Settlement described in this news release will be completed on the terms described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, which filings are available at www.sedarplus.ca.
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FAQ
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