International Hemp Oil Company, Functional Remedies, Announces Major Expansion of Distribution Relationships in Key U.S. Markets
Only Vertically-Integrated Hemp Oil Company Expands to 48 States
Functional
Remedies, the only vertically-integrated manufacturer of whole-plant
hemp oil products, announced a major expansion of its distribution
networks in key U.S. markets. Functional Remedies signed five new
agreements with natural retail broker networks to expand the
distribution footprint of its products from 21 to 48 U.S. states.
Through these new distribution agreements, Functional Remedies will
continue to drive growth, sales and profitability while increasing the
reach of its whole-plant, lipid-infused hemp oil products with consumers
in the health, wellness and lifestyle spaces throughout the U.S.
“By strengthening our distribution networks to increase the reach of our
products at a critical time in our company’s growth, more consumers will
have convenient access to the market’s best whole-plant, hemp oil
products," said Functional Remedies CEO Anthony Mazzotti. “We look
forward to continuing to educate consumers on the benefits of hemp oil
and bringing people of all ages products that help bring their lives
into balance to achieve optimal wellness.”
Functional Remedies is investing in its distribution networks at a time
when the global industrial
hemp market size is expected to reach USD $10.6 billion by 2025 and
expand at a CAGR of 14 percent during the forecast period, according to
a new report by Grand View Research, Inc. Growing population and rising
disposable income are expected to result in an increased demand for
full-spectrum hemp oil. Currently, Functional Remedies products are
available in multiple retail channels and in all 50 states via
e-commerce.
For more information, visit https://functionalremedies.com/.
About Functional Remedies
Functional Remedies produces the only hand-pressed, lipid-infused
hemp oil, derived from the most nutrient-dense hemp plants, and
formulated using a proprietary whole-plant, lipid infusion process. This
results in highly efficacious products that deliver the greatest
possible entourage effect and are far superior to CBD isolate and
concentrate products made with CO2 and chemical extraction processes.
Functional Remedies is unique among hemp oil producers as it is the only
vertically-integrated company with complete control from farm to
cultivation to finished goods. Functional Remedies uses the most
respected independent labs to test and verify their ingredient
specifications and phytonutrient content. For more information on
Functional Remedies and its products, visit https://functionalremedies.com/.
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Copyright Business Wire 2019
Source: Business Wire
(February 19, 2019 - 10:03 AM EST)
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