CV Sciences Inc (OTCMKTS:CVSI) To Move Into A Distribution Partnership With Kroger

CV Sciences Inc (OTCMKTS:CVSI) To Move Into A Distribution Partnership With Kroger

CV
Sciences Inc (OTCMKTS:CVSI)
wants to increase the competitive edge of its PlusCBD™
Oil brands. This is the reason it is moving into an expanded distribution
partnership with Kroger. The company’s product has been a best seller for quite
some time. However, there is still a need to work on distribution activities.
The new collaboration seeks to ensure customers access the original versions of
the products.

Details about the latest business deal

The  PlusCBD™ Oil
brands comprise of leading products such as the PlusCBD™ Oil Roll-Ons and the
Extra Strength Balms. CV Sciences encourages its customers to visit
its stores to obtain the PlusCBD™ Oil Roll-Ons. The
collaboration with Kroger is a major step towards boosting business for the
two.

There
are 400 Kroger stores where you can find the latest products. These stores are
spread across Virginia, Utah, Texas, Montana, and Georgia. Conducting business
with Kroger will see the business partners reap high profits from the PlusCBD™
Oil distribution.

The plans of the companies

An
official working with CV
Sciences confirms that the new collaboration is a progressive one. That is
because the business giants will have a total of 22 states to market and sell
their wide range of products. He adds that the products will be sold out in
about 1,350 Kroger stores. He said that Kroger’s
retail banners such as Pick ‘n Save, Mariano’s, QFC and Smiths were in great
condition.

According
to the official, these retail banners would help boost productivity by a
significant margin. Others are Mariano’s, King Sooper, Kroger, Fred Meyer,
Fry’s, and Dillons. In short, the decision to work with Kroger is expected to
boost business by a significant margin.

The Chief Executive Officer of CV Sciences, Joseph Dowling, opines, “We are pleased to further grow our distribution with Kroger and increase the availability of PlusCBD™ Oil products to more Kroger shoppers across the U.S.”

Top
executive says the future looks promising. If all moves according to plan, they
may be expanding their activities to sell from more of Kroger retail outlets.
However, they seek to pay close attention to safeguarding the quality of hemp
CBD products.

Published at Fri, 16 Aug 2019 12:10:14 +0000

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