TBI:CSE
Thoughtful Brands Inc. is an eCommerce technology company that researches, develops, markets, and distributes natural health products through various brands in North America and Europe.
- Through continuous strategic acquisitions, the Company has a strong footprint in the CBD market, as well as the burgeoning psychedelic medicine sector.
- Thoughtful Brands owns and operates a 110,000 square foot pharmaceutical manufacturing facility in Radebeul, Germany, where its highly skilled team conducts clinical studies utilizing naturally occurring psilocybin and other compounds found in psychedelics for the treatment of opiate addiction
2020 Key Highlights:
Signed a definitive agreement to acquire Kentucky-based American CBD Extraction Corp., a leader in quality hemp cultivation
Acquired online cannabidiol (CBD) product distributor Nature’s Exclusive from Unified Funding, LLC.:
- Leader in online CBD sales in North America
- US grown CBD hemp
- Acquired at a 1.7 times revenue valuation
- Current customer base of over 200,000 customers – with additional leads of over 600,000 potential new customers
- Agreement finalized with Sativida OU (Estonia) and Sativida OU’s subsidiary, VIDA BCN LABS S.L to acquire Sativida in stages.
Sativida® is an online direct to consumer retailer of a vast range of organic CBD oils and cosmetics across Europe and is in the process of expanding its distribution network internationally to include the United States.
- Award winning product line known for its minimal heavy metal content and accurate CBD levels
- Award winning product line known for its minimal heavy metal content and accurate CBD levels
- 100% organic products
- Current distributor of CBD products in Spain, Portugal, Austria, Germany, France and the United Kingdom
- One of the top search-ranked online retailer in Spain and Mexico
- The Company acquired the intellectual property and trade names of Sativida in Spain, which will be licensed back in exchange for a royalty associated with gross revenues generated by Sativida.
- 2019 revenue $560,000 / 64% gross margins
Thoughtful entered a Licensing and Royalty Agreement with Phenome One Corporation for the right to cultivate, harvest, process and sell a selection of cultivars from Phenome’s genetic library, and the Company was granted unlimited access to a Phenome’s proprietary nutrient intellectual property (IP) and catalogue.
Consolidated Q1 2020 gross revenue was $7.65 million, with cost of goods sold of $7.05 million, resulting in gross profits of $605,150. Operating and other operating expenses for the three months ended March 31, 2020 were $5.24 million.
Acquired Golden Path and Wild Mariposa, privately held fast-growth, direct-to-consumer eCommerce brands selling natural health products in the United States.
OPERATIONS:
UNITED STATES
- US ecommerce, direct to consumer CBD Brand
- 2019 Revenue of $28.7M*, EBITDA of $3.58M*
- eCommerce technology and operations
EUROPE:
- 110,000 sq ft, state of the art pharmaceutical manufacturing facility for research and production of natural psilocybin products
- Award winning European eCommerce, direct to consumer CBD Brand based in Spain
- Distribution to Spain, Portugal, France, UK and Germany
NATURES’ EXCLUSIVE
ONE OF THE LARGEST UNITED STATES-BASED ONLINE RETAILERS OF CBD PRODUCTS
Nature’s Exclusive offers a CBD hemp-oil formula intended to provide users with the therapeutic benefits that hemp may offer. The hemp oil used in the product is derived from hemp grown and cultivated in the United States.
HIGHLIGHTS
- Leader in online CBD sales in North America
- US grown CBD hemp
- Acquired at a 1.7 times revenue valuation
- Consideration of 48.2M shares priced at $0.80*
- Current customer base of over 200,000 customers – with additional leads of over 600,000 potential new customers
A LEADING EUROPEAN BASED ONLINE RETAILER OF CBD PRODUCTS.
Sativida® is an online direct to consumer retailer of a vast range of organic CBD oils and cosmetics across Europe and is in the process of expanding its distribution network internationally to include the United States.
HIGHLIGHTS
- Current distributor of CBD products in Spain, Portugal, Austria, Germany, France and the United Kingdom
- One of the top search-ranked online retailer in Spain and Mexico
- Award winning product line known for its minimal heavy metal content and accurate CBD levels
- 100% organic products
- 2019 revenue $560,000 / 64% gross margins
Thoughtful Brands is a client of Agoracom
Tags: #CanineCBD, #Europe, #Psilocybin, #psychedelic, #Sales, Cannabis, CBD, natural