Business
Cosmos Holdings to Launch Sky Premium Life Nutritional Supplements on Amazon Singapore
CHICAGO, IL / ACCESSWIRE / April 5, 2022 / Cosmos Holdings, Inc. ("the Company") (NASDAQ:COSM), an international pharmaceutical company with a proprietary
About this update from Cosmos Health Inc.
[{"type":"text","content":"CHICAGO, IL / ACCESSWIRE / April 5, 2022 / Cosmos Holdings, Inc. (\"the Company\") (NASDAQ:COSM), an international pharmaceutical company with a proprietary line of nutraceuticals and distributor of branded and generic pharmaceuticals, nutraceuticals, OTC medications and medical devices, today announced that the Company's subsidiary, SkyPharm S.A., a pharmaceutical wholesaler and distributor, is launching Sky Premium Life products on Amazon Singapore. Cosmos expects to have fifteen Sky Premium Life SKUs launched in the second quarter of 2022, and targets having all 85 SKUs listed on Amazon Singapore by year end.According to GlobalData, a leading data and analytics company, the Singapore e-commerce market is expected to grow at a compound annual growth rate of 16.2% from $5.9 billion in 2021 to $10.7 billion in 2025. Contributing to this increase is a rise in consumer spending and a growing preference for online shopping.\"This marks another major step in the roll-out of our e-commerce and online distribution strategy as we enter new global markets. Thanks to the tremendous efforts of our team, I'm pleased to report we launched on Amazon Singapore ahead of schedule, as this was originally planned for the second half of 2022,\" stated Greg Siokas, Chief Executive Officer of Cosmos Holdings. \"Singapore is a major e-commerce market in southeast Asia, and it continues to grow. The COVID-19 pandemic shifted consumer buying behavior towards online channels, while demand for nutraceutical products continues to increase, driven by an aging population. Through our R&D department, we continue to create new Sky Premium Life products that are based on unique formulations using high quality raw materials, while maintaining pharmaceutical standards and GMP protocols. In addition to our e-commerce strategy, we continue to add new international distributors. We look forward to entering a number of new global markets this year including North America and Asia.\"About Cosmos Holdings, Inc.Cosmos Holdings Inc. (Nasdaq:COSM) is an international pharmaceutical company, with a proprietary line of nutraceuticals and distributor of branded and generic pharmaceuticals, nutraceuticals, OTC medications and medical devices through an extensive, established EU distribution network. The Company identifies, acquires, develops and commercializes products that ...