MEXICO: They will sell products with CBD at Walmart.com and Coppel, Retail Giants

✍ January 5, 2022 - 10:30

Cannabis Flora Growth Corp producer.(Nasdaq: FLGC) announced on Tuesday that your skin care brand Mind Naturals will be available through Walmart.com (NYSE: WMT) and Coppel, a department store with national presence in Mexico.

The launch includes 12 products from the Mind Naturals portfolio, initially through electronic commerce.Also, the company plans to sell its products in physical stores in the future.

This launch adds to the first orders of Mind Naturals made last month in Mexico and Spain.Walmart is one of the main retail chains in Central America, while Coppel has 1.253 stores in Mexico.

Related content: Flora Growth will export two of its cannabis brands to Mexico and Spain

It is estimated that the global cannabis market and its derivatives will generate sales for USD 102 billion by 2026, and that Mexico is one of the countries with the greatest commercialization of products with CBD.

"We are excited to start high quality sustainable products to Mexico with CBD for skin care," said Luis Merchán, CEO of Flora Growth Corp.“This agreement represents our first foray into the Mexican market and encourages our global position as leader in well -being brands (wellness) and lifestyle (Lifestyle) based on plants.We are prepared to meet market needs as the cannabis market continues its rapid expansion worldwide ”.

Price action

Flora Growth shares quoted 21.03% upwards, at USD 2,36 the action, before opening the market, on Tuesday.

Via Benzinga, translated by the approach.