True Leaf starts production, sales and marketing in Europe, backed by first major purchase order
ZURICH, SWITZERLAND / ACCESSWIRE / August 31, 2016 / Today, Stephan Bogner from Rockstone Research published an update on True Leaf Medicine International Ltd. (CSE: MJ; Frankfurt: TLA) as the company released material news earlier today, announcing a significant purchase order from PetsCorner, the second largest pet store chain in the UK, which will sell the True Hemp product line in all its 174 stores and has plans to expand by another 70 stores by late 2017. As PetsCorner is a leading pet brand in the UK, other brands may now follow; more of such orders could be on the horizon. For True Leaf, today’s purchase order officially marks the start of production, sales and marketing in Europe.
On August 2, True Leaf Pet Europe LLC SARL, a subsidiary based in Luxembourg, was established in order to work in close proximity to European clients and markets, build networks, as well as develop sales (in European currency) and distribution performance. Test runs have been completed and production runs are now scheduled to build inventory for today’s order. Production and sales of the True Hemp product line are already underway in Canada and the US, whereas the company has recently added an online shop on its TrueLeaf.com site. With revenues now being generated on two continents, True Leaf emerges as a global brand, while also showing increased engagement in becoming one of Canada’s next licenced medical marijuana producers.
The full report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/TrueLeaf18en.pdf
English (Webversion):
German (PDF):
http://rockstone-research.com/images/PDF/TrueLeaf18de.pdf
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SOURCE: Rockstone Research
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