GRCV's Yuka E-Commerce Continues to Focus Growth on The Multi Billion CBD Industry for 2021

Rhea-AI Summary

Yuka E-Commerce, a subsidiary of Grand Capital Ventures (GRCV), is set to expand its CBD and hemp portfolio in 2021. The company reported that CBD sales contributed over 50% of its revenue in 2020, generating nearly $5 million with over 250,000 products shipped. With a forecasted 20% increase in sales for 2021, Yuka aims to achieve $6 million from CBD products. The firm is strategically adding new brands to its portfolio in the first quarter, leveraging insights from buyer interactions to launch innovative products.

Positive

• Projected 20% increase in CBD sales year-over-year.
• Generated nearly $5 million in sales from CBD in 2020.
• Over 250,000 products shipped in 2020.

Negative

• None.

MIAMI, FL / ACCESSWIRE / February 24, 2021 / Yuka E-Commerce ("YUKA"), a wholly-owned subsidiary of Grand Capital Ventures, Inc.'s (OTC PINK:GRCV) ("the Company") has announced its intention to actively continue expanding its CBD and Hemp portfolio in 2021. With approx. 40% of the global CBD market dominated by North America, South Florida based YUKA E -COMMERCE is continuing to meet demand. CBD sales for YUKA E-COMMERCE accounted for a little more than 50% of YUKA's revenue in 2020 with well over a quarter million (250,000+) products having shipped to consumers. The amount generated from the booming category yielded close to 5M in sales for Yuka.

"We have been active in the CBD space from its very early days back in 2018 having identified the tremendous potential early" said Grand Capital Ventures Inc. President, Meir Avitan. "Our teams work closely with our vendors to stay ahead of the curve." He then added that "Communicating frequently with our many buyers allows us to identify emerging trends and helps us guide our partner brands to launch products, collections, and lines that may otherwise never see the light of day." GRCV's YUKA is projecting a 20% increase year-over-year for the category aiming to generate 6M in sales in 2021 from CBD products alone, and with multiple new CBD brands already added to our portfolio in Q1 and several others in final stages on on-boarding, this increase is more than feasible".

About Yuka E-Commerce
Yuka is an e-commerce company dedicated to providing strategic sales channels for brands looking to enter or expand in the global e-commerce market. YUKA provides a full spectrum of brand building and sales-and-marketing services to expand a client's brand reach. Services offered include not only comprehensive sales and marketing services, but also operational sales and fulfillment logistics, and product and brand photography. For more information, visit our website at www.yukaecom.com

About Grand Capital Ventures, Inc.
Grand Capital Ventures is a company with a historic focus in the nurturing of companies demonstrating a positive upside while striving to bring new technologies and unique products to their respective markets.

For more information, visit our website at www.GR-CV.com

Safe Harbor Statement:

This release includes "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. Certain statements set forth in this press release constitute "forward-looking statements." Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate," "project," "intend," "forecast," "anticipate," "plan," "planning," "expect," "believe," "will likely," "should," "could," "would," "may," or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company's ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company's limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.

You tube: https://www.youtube.com/watch?v=Ciy0_sGrfAc

CONTACT:

Yuka Group, Inc.
1815 NE 144^th St.
North Miami, FL 33181
Office: 786-657-2446 | contact@yukaecom.com

SOURCE: Grand Capital Ventures, Inc.

View source version on accesswire.com:
https://www.accesswire.com/631596/GRCVs-Yuka-E-Commerce-Continues-to-Focus-Growth-on-The-Multi-Billion-CBD-Industry-for-2021

FAQ

What is the projected revenue for Yuka E-Commerce in 2021?

Yuka E-Commerce projects a revenue of $6 million from CBD products in 2021.

How much did Yuka E-Commerce earn from CBD sales in 2020?

In 2020, Yuka E-Commerce earned nearly $5 million from CBD sales.

What percentage of Yuka's revenue in 2020 came from CBD products?

CBD sales accounted for over 50% of Yuka's total revenue in 2020.

What is the relationship between Grand Capital Ventures and Yuka E-Commerce?

Yuka E-Commerce is a wholly-owned subsidiary of Grand Capital Ventures.

How many products did Yuka E-Commerce ship in 2020?

Yuka E-Commerce shipped over 250,000 products in 2020.