Love Hemp Group PLC Announces Strategy/Company/Ops Update

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Summary

The Company plans to make Love Hemp more visible internationally and sales overseas provides a significant opportunity in the future. In December 2021 Love Hemp was also awarded ‘Leading CBD brand 2021’ in the Commercial Cannabis awards organised by Global Health and Pharma. This coming year Love Hemp plans to invest further in product development and intends to release numerous new products in both ingestible and topical formats. Love Hemp is also a nominated finalist for ‘Most Loved CBD brand’ in the World CBD awards due to take place in October 2022. Sales and Operational update LONDON, UK / ACCESSWIRE / August 2, 2022 / Love Hemp Group PLC (AQSE:LIFE) (OTCQB:WRHLF), the brand-led consumer goods company focussed on CBD health and wellness solutions, is pleased to give an unaudited sales and operational update for the full year FY 22 financial period.

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Sales and Operational update

LONDON, UK / ACCESSWIRE / August 2, 2022 / Love Hemp Group PLC (AQSE:LIFE) (OTCQB:WRHLF), the brand-led consumer goods company focussed on CBD health and wellness solutions, is pleased to give an unaudited sales and operational update for the full year FY 22 financial period.

Key Highlights

Sales of £3.6m are down 16% from prior year at £4.3m H2 sales of £1.9m are 11% up from H1 sales of £1.7m Q4 sales of £0.97m are 15% up from Q4 prior year of £0.84m 233,987 units sold are up 19% from prior year of 188.865 7437 new online customer accounts, total...

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