Business
GRCV’s Wholly-Owned Yuka E Commerce Projected to Surpass CBD Sales by 50% Increase Over 2019
GRCV’s Wholly-Owned Yuka E Commerce Projected to Surpass CBD Sales by 50% Increase Over 2019.
About this update from Yuka Group Inc.
[{"type":"text","content":"MIAMI, FL / ACCESSWIRE / July 17, 2020 / Grand Capital Ventures, Inc.'s (OTC PINK:GRCV) ("the Company") wholly-owned subsidiary Yuka E-Commerce ("YUKA") continues to make strides in the CBD space. The company is in the process of adding 6 new full-line CBD brands to its already vast portfolio consisting of over 20 existing CBD clients including Sunset CBD, Dr. Stern, and Kangaroo CBD.Yuka E Commerce is at the forefront of distribution and sales; with a growth of 50% in the first 6 months of 2020 alone. Yuka E-commerce is projected to surpass 75% annual increase year-over-year in comparison to 2019 when sales reached $1,400,000 with 99,000 products sold. For the same period in 2020, Yuka has already generated over $2,700,000 in sales and more than doubled the number of units sold with over 174,000 units having shipped.With regulations nation-wide easing following the 2018 Farm Bill where legal restrictions on Hemp derived products were lifted, a recent study by leading cannabis researchers BDS Analytics and ArcView Market Research projects that the collective market for CBD sales in the U.S. will surpass $20 billion by 2024."While many companies focus on generic variation of the same assortments, Yuka E-commerce is actively pioneering innovation by collaborating with manufacturing partners to bring to market new and exciting products in the CBD space. Since demand for CBD products will continue to increase, we are not only facilitating the change but are spearheading it." said Mier Avitan, President of GRCV. "We are focused on innovation and staying ahead of the curve. Aside from on-boarding new brands weekly, a partnership agreement is in the works with a company who has very strong manufacturing capabilities and mass-production for Q4 will begin very shortly" he added.About Yuka E-CommerceYuka is an e-commerce company dedicated to providing strategic sales channels for brands looking to enter or expand in the global e-commerce market. YUKA provides a full spectrum of brand building and sales-and-marketing services to expand a client's brand reach. Services offered include not only comprehensive sales and marketing services, but also operational sales and fulfillment logistics, and product and brand photography. For more information, visit our website at www.Yukaecom.comAbout Grand...