Business
Cosmos Health Launches First Sky Premium Life Nutritional Supplement Products on Amazon in the United States
CHICAGO, IL / ACCESSWIRE / August 25, 2022 / Cosmos Holdings d/b/a Cosmos Health, Inc. ("the Company") (NASDAQ:COSM), a global healthcare group with
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, IL / ACCESSWIRE / August 25, 2022 / Cosmos Holdings d/b/a Cosmos Health, Inc. (\"the Company\") (NASDAQ:COSM), a global healthcare group with proprietary lines of nutraceuticals and distributor of pharmaceuticals, branded generics, OTC medications and medical devices, today announced that the Company's subsidiary, SkyPharm S.A., a pharmaceutical wholesaler and distributor, officially launched its first Sky Premium Life (\"SPL\") products on Amazon in the United States. Cosmos targets having all 85 SKUs listed on Amazon by year end.\"We are excited to officially launch our SPL products on Amazon in the United States,\" stated Greg Siokas, Chief Executive Officer of Cosmos Health. \"SPL products are currently being shipped and will arrive in the U.S. in early September. Importantly, we have executed on our strategy in the U.S. by launching our products on Amazon in the third quarter of 2022 as stated previously. We expect to have all 85 SKUs listed on Amazon by the end of this year. We are accelerating our global roll-out strategy as we launch our products worldwide. Earlier this year, we successfully introduced our products on Amazon in the U.K. and Singapore. Our key objective is to grow internationally, as we continue to leverage our robust global logistics and distribution capabilities, while expanding our customer base worldwide.\"According to Business Market Insights, the US nutraceutical market is expected to grow at a 7.1% CAGR and reach $138.0 billion by 2027. The rapid market expansion in the US is attributed to growth in health-conscious consumers. Moreover, Coherent Market Insights reports that more consumers are shifting focus from the treatment of diseases to daily preventive measures to reduce the onset of chronic and lifestyle-related disease.About Cosmos Health, Inc.Cosmos Health Inc. (Nasdaq: COSM) is a global healthcare group that was incorporated in 2009 and is headquartered in Chicago, Illinois. Cosmos Health is engaged in the nutraceuticals sector through its own proprietary lines of products \"Sky Premium Life\" and \"Mediterranation.\" Additionally, the Company is operating in the pharmaceutical sector through the provision of a broad line of branded generics and OTC medications and is involved in the healthcare distribution sector through its subsidiaries in Greece and UK serving retail pharmacies...