Creso Pharma Ltd (ASX:CPH, OTCQB:COPHF)’s subsidiary Sierra Sage Herbs LLC (SSH) has secured a US$214,000 purchase order for its new all-natural skincare collection in about 400 select Walmart (NYSE:WMT) stores across the US.
The order will launch the company’s new ‘Plants for your Face and Body’ skincare collection under SSH’s established Green Goo brand.
Notably, the collection includes a range of targeted plant-based solutions focused on anti-ageing, acne and eczema.
Through this pipeline, SSH will deliver a variety of face and body washes, serums, roll-ons and sticks providing consumers with a number of delivery methods.
Widely recognised retailer
Creso CEO and managing director William Lay said: “Sierra Sage Herb’s new collection was developed following considerable R&D with respect to natural body care.
“We are confident that the range will serve consumers looking to make a lifestyle change and utilise a healthier option for their skin.
“To stock our product range at Walmart, one of the US’ most widely recognised retailers, is a major achievement for SSH and highlights the potential demand for the company’s products.
“We anticipate delivery for the maiden order will occur during September, with products to be on shelves in the weeks following.
“SSH are working with other retail groups and potential stockists to expand distribution and drive sales growth.
“Additional updates in this regard will be made as developments materialise.”
Forward plan
Creso is expecting the range to be on shelves shortly after the expected September 2022 delivery.
The company is confident that the new range will resonate well with consumers.
SSH management is also exploring several other potential distribution agreements through existing points of sale to drive revenue growth.
Walmart is an existing stockist of SSH’s existing products, alongside other major US retailers including Walgreens, Safeway (NYSE:SWY) and CVS Pharmacy, among others.