Love Hemp Launches Products in Tesco Supermarkets
Love Hemp Group (OTCQB: WRHLF) announced its products are being stocked by TESCO PLC across 200 stores in the UK, enhancing visibility for its CBD offerings. Initially, six products, including oils, sprays, and new gluten-free gummies, will be available in-store and online. The company anticipates launching additional Benefit Driven, Functional Products in Q4 2022 to broaden revenue streams. CEO Tony Calamita expressed pride in this collaboration with Tesco, aiming to make CBD accessible.
- Products now available in over 200 Tesco stores, increasing market exposure.
- Launch of gluten-free, sugar-free CBD gummies reflects product innovation.
- Plans for further product launches expected in Q4 2022 could diversify revenue.
- None.
LONDON, UK / ACCESSWIRE / September 2, 2022 / Love Hemp Group PLC ("Love Hemp", the "Group", or the "Company") (AQSE:LIFE)(OTCQB:WRHLF), the brand-led consumer goods company focussed on CBD health and wellness solutions, is pleased to announce that TESCO PLC, ("Tesco"), is now stocking Love Hemp CBD products.
Tesco will initially stock a range of six Love Hemp products across more than 200 Tesco stores including "Tesco Extra" in the UK. Tesco Extra stores are larger, mainly out-of-town hypermarkets that stock nearly all of Tesco's product ranges, although some are in the heart of town centres and inner-city locations. The Love Hemp products will also be available online at www.tesco.com. The Love Hemp products available include CBD oil drops, sprays, chocolate balls and a new sugar free, gluten free plant-based CBD gummy product.
The recently launched gummies are a demonstration of the progress Love Hemp continues to make from the new product development division. Product development has always been at the heart of Love Hemp and the Company expects to launch its latest range of Benefit Driven, Functional Products in calendar Q4 2022. The range will be available in various delivery forms such as capsules and edibles. The Company expects that the new products will open further revenue streams across direct-to-consumer sales, marketplaces, and other major retailers.
Tony Calamita, CEO at Love Hemp says: "I'm delighted that Tesco have chosen to stock Love Hemp products. Tesco is a major British household name and we are very proud to work with them. It has always been our mission to make CBD accessible and available to as many consumers as possible, and having our products stocked in the vitamin aisles of Tesco brings great visibility to our products and brand.
We anticipate that Tesco is the first of several new launches in major UK retailers since the publication of the Novel Foods register on March 31st."
-ENDS-
For further information please visit: www.lovehempgroup.com or contact:
Love Hemp Group Tony Calamita | investor.relations@lovehempgroup.com +44 (0) 203 968 6643 |
About Love Hemp Group
Love Hemp Group is a brand-led consumer goods company focussed on health and wellness solutions for consumer use cases including sleep, pain, anxiety, stress and recovery. The Company is a pioneer in the UK-based premium high-quality CBD market, with over 40 products including oils, edibles, sprays, cosmetics and topicals. The Company's range of products are sold online across 70 websites and in over 2,000 stores including some of the biggest retailers in the UK, such as Holland & Barrett, Tesco, Boots and Ocado.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Love Hemp Group PLC
View source version on accesswire.com:
https://www.accesswire.com/714483/Love-Hemp-Launches-Products-in-Tesco-Supermarkets
FAQ
When did Love Hemp announce its product stocking in Tesco?
How many products will Tesco initially stock from Love Hemp?
What types of Love Hemp products are available at Tesco?
What is the significance of Love Hemp's partnership with Tesco?
Where can Love Hemp products be purchased apart from Tesco?
