MYM Expands Scope of Global Offices to Include Sales and Distribution of 'MYM International Brands Inc.'

Published: August 9, 2019

MYM Expands Scope of Global Offices to Include Sales and Distribution of 'MYM International Brands Inc.'

MYM Nutraceuticals Inc. has expanded the scope of its global offices to include distribution and sales of the newly formed MYM International Brands Inc. MYM recently incorporated MYM International Brands Inc. to focus on the growing global demand for CBD-rich consumer products. MYM currently has three global offices covering the territories of: Europe, Asia Pacific, and Latin America, focusing on the sale of bulk CBD-rich isolate. They now will be adding MYM International Brands Inc. products to their sales and distribution portfolio.

European office – CBD consumer products are legal in most of Europe. In their recent report, Brightfield Group, a leading market intelligence firm for the legal CBD and cannabis industries, estimates that the European CBD market will boom over the next four years. The market was estimated at $318 million in 2018 and is expected to grow over 400 percent through 2023.

Asia Pacific office – By 2024, the CBD market in China alone is forecasted to be worth US $15 billion, according to Hong Kong-based investment company Regent Pacific Group, citing the beauty and wellness sector as the main driver.

Latin America office – Central and South America have all the key ingredients for CBD growth: land for production, increasingly relaxed laws for trade, people for creation and consumption, and most importantly, political will. MyCBD.org reports legal sales in Latin America are expected to grow from $125 million in 2018 to more than $776 million by 2027.

“We are excited to bring International Brands to the MYM global offices around the world,” said Erick Factor, CEO of MYM International Brands. “We are well on our way to launching lines of unique brands for both humans and pets in a variety of global markets. The demand for CBD-rich consumer products allows our team to create products for a wide variety of categories including food and beverage, pharmaceuticals, cosmetics, and health and wellness”.

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