Q2 Online Sales Nearly Double Q1 Performance for Nass Valley Gateway’s Product Line
Nass Valley Gateway LTD (NSVGF) reported a significant increase in online sales for Q2, nearly doubling compared to Q1. The company attributed this growth to successful marketing initiatives, including a focus on Google Ads, which saw revenue more than double. Key metrics such as reduced bounce rates and increased user engagement further validate the effectiveness of these strategies. CEO Michael Semler expects this positive trend to continue as they scale advertising efforts. Product categories, including CBD oils and edibles, also showed marked improvement across the board.
- Q2 online sales nearly doubled from Q1.
- Google Ads revenue more than doubled.
- Reduced bounce rate indicates effective marketing.
- Increased user engagement on the website.
- Sales growth observed across all product categories.
- None.
Online sales for Q2 increased from Q1 while Google Ads revenue more than doubled. Increases in conversion rates justify scaling ad spend in Q3.
VANCOUVER, BC, July 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Nass Valley Gateway LTD. (NVG), (CSE: “NVG.CN”) (OTC Pink: “NSVGF”) (Frankfurt: “3NVN”) distributor of top quality THC-free, broad and full spectrum CBD consumables, is pleased to announce their Q2 online sales have nearly doubled from Q1. Nass Valley Gateway has made a calculated effort to establish and scale multiple sales channels, such as Google Ads. Nass Valley Gateway started 2021 with the release of its new diverse product offerings and a fresh branding overhaul.
In the last 3 months, the bounce rate -- representing the percentage of website visitors who leave a website without browsing other pages -- has been reduced significantly. This indicates marketing efforts are finding well-targeted audiences to stay on the website platforms and purchase products. Website users also spent more time on website platforms in Q2 compared to Q1. Every product category, including CBD oils, capsules, edibles, skincare, relief topicals, and Delta 8, have shown sales increases respectively Q/Q.
"We expected the conversion performance increase between Q1 and Q2 and project it will continue to increase as we scale our online ad spend. We are executing on our annual marketing strategy and plan. The remainder of the year should continue to show growth in every sales channel accordingly," says Michael Semler, Nass Valley Gateway’s Chief Executive Officer.
Brandon Gil, who leads the digital agency Gil Ventures and spearheads Nass Valley Gateway’s online presence, stated, "Despite the traditional restrictions of social and search platforms, our ads have been able to continue scaling from 2020. We will continue to grow our presence in the market and achieve our annual goals."
ABOUT NASS VALLEY GATEWAY LTD:
Nass Valley Gateway LTD (NVG) is a publicly traded company on the CSE, OTC Pink, and Frankfurt markets focused on the distribution and sales of organic, non-GMO, 3rd party lab verified CBD products for human and pet consumption. Nass Valley CBD products are sold under the “Nass Valley Gardens”, a wholly-owned subsidiary, via retail, wholesale, direct sales, and digital sales channels.
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Company: Nass Valley Gateway Ltd.
422 Richards Street, Suite 170
V6B 2Z4 Vancouver
Canada
E-mail: info@nassvalleygateway.com
Corporate Website: www.nassvalleygateway.com
Product Website: www.nassvalleyproducts.com
Investor Relations
Michael Semler.
+1 (609) 651-0032
Michael.s@nassvalleygateway.com
FAQ
What were Nass Valley Gateway's online sales results for Q2 2021?
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