Facebook/True Leaf Pet

True Leaf reports record quarter

True Leaf Medicine has announced its best quarter ever for the three-months ending June 30, 2018.

The company’s cannabis cultivation campus is set to open this fall, they’ve got a booth at the Interior Provincial Exhibition and True Leaf Medicine International is celebrating a record quarter.

The “plant-forward wellness brand for people and their pets” announced its best quarter ever for the three-months ending June 30, 2018.

Paul Sullivan, director of public relations, reports the record-setting revenues were generated from sales of the company’s hemp-based True Leaf Pet products.

Sales of the products totalled $491,334 in the quarter, an increase of 70 per cent over the $289,494 recorded for the same period last year.

This figure also represents an increase of 28 per cent over revenue of $383,844 for the three months ended March 31, 2018.

“Revenue growth has been fuelled by the company’s investment in its international sales team,” reads True Leaf’s press release.

“The expanded team of pet industry sales experts in Canada, the United States and Europe has significantly increased the reach of the company’s True Leaf Pet division to new locations in-store and online.”

True Hemp dog chews, dental sticks and supplement oils are now sold in more than 2,000 stores across North America and Europe through retailers such as PetSmart Canada, Pet Supplies Plus US, Pets Corner UK, and Amazon.

The Company’s True Hemp line is one of the first cannabis-focused pet product lines to be marketed worldwide.

“This record quarter for True Leaf is further evidence that there is a growing interest and demand for medicinal cannabis products for pets,” said Darcy Bomford, founder and chief executive officer of True Leaf.

“By entering the market with a fully-legal hemp-based product line, we have been able to get our products in more than 2,000 stores worldwide. Our strategy, unique among Canadian cannabis companies, is paying off by establishing True Leaf as a world leader in hemp-based products for pets.”

Through its other division, True Leaf Medicine, the Company is building True Leaf Campus, a cannabis cultivation and production facility in Lumby, British Columbia, that will provide medicinal cannabis under Health Canada’s Access to Cannabis for Medical Purposes Regulations program.

Construction of True Leaf Campus is expected to be complete in fall 2018.

Related: True Leaf Campus completion set for fall

Related: Pioneer ‘cannabis for pets’ veterinarian joins True Leaf

Related: True Leaf Announces Cannabis Cultivation Team

To report a typo, email:
newstips@vernonmorningstar.com
.


@carmenweld
carmen.weld@bpdigital.ca


Like us on Facebook and follow us on Twitter.

Just Posted

Still room for golfers in KidSport tournament

Inaugural KidSport Greater Vernon Golf Tournament goes Thursday at Vernon Golf and Country Club

Arrested suspect connected to string of North Okanagan robberies

Man arrested after failed robbery at Enderby store may be involved in four other such crimes

Upper Room Mission grieves sudden deaths of two Vernon women

Mehgan and Teresa died in Vernon earlier this month — one from a fatal overdose, the other, a casualty of a high-risk lifestyle

Elected officials lobby for government grants for Vernon cultural centre

Planning process underway for the $40 million project

Homelessness, open drug use continue to plague Vernon

Last Wednesday a homeless man was observed occupying the entrance to the City of Vernon’s bylaw office

VIDEO: Trans Mountain expansion project gets green light, again

Prime Minister Justin Trudeau announced the decision in Ottawa on Tuesday afternoon

South Okanagan retired nurse’s petition read in House of Commons

Teri McGrath wants provinces to implement no-fault system for medical errors

Grieving B.C. mom hopes Facebook message leads to new investigation into son’s Surrey homicide

Criminal Justice Branch didn’t lay charges, concluding no substantial likelihood of murder or manslaughter conviction

Hergott: Contribution and Expectation of a will

Lawyer Paul Hergott continues his column on wills

B.C.’s measles vaccination program gains traction in May

More than 15,000 doses of the MMR vaccine has been administered across the province

B.C. farmers concerned Agricultural Land Reserve changes choking their livelihood

Dozens voice concerns at special meeting hosted on Vancouver Island

Beloved South Okanagan baker dies

Beloved baker Ben Manea died suddenly on June 15, bakery to operate for one final week

Knife-wielding man robs South Okanagan pizza shop

RCMP are looking for the suspect who was wearing a ski mask

UPDATE: Two-year-old involved in Chilliwack pool drowning has died

Toddler was reported to not be breathing as air ambulance called out Thursday afternoon

Most Read