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World High Life PLC sees 57% sales growth in July - Rayyes Finance and Market News
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World High Life PLC sees 57% sales growth in July


“Our online sales remain well above pre-pandemic levels, cementing the importance of our eCommerce strategy,” said chief executive Tony Calamita

(AQSE:LIFE, OTCQB:WRHLF) told investors it has seen sales growth of 57% in the month of July, compared to June.

The owner of London-based CBD brand, Love Hemp, said sales improved in all channels – online, retail, and wholesale – and it highlighted that online sales specifically are significantly higher than pre-coronavirus (COVID-19) pandemic levels.

READ: World High Life will be capable of 400% growth with new facility

The online channel represented up some 62% of sales in July, versus around 40% in January.

“Our online sales remain well above pre-pandemic levels, cementing the importance of our eCommerce strategy in underpinning brand experience,” World High Life chief executive, Tony Calamita said in a statement.

He added: “The wellness industry isn’t showing any signs of slowing down. What we have witnessed is an increased consumption of CBD during the pandemic, and we expect this to continue post-Covid.

“We believe that people who continue to feel anxious or have trouble sleeping and are increasingly turning to more natural health and wellness solutions to add to their self-care routines.”



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