HENDERSON, NEVADA, 6 JULY 2021 (NewMediaWire) — (GLOBE NEWSWIRE) — Grove, Inc. (NASDAQ: GRVI) has launched Qubes, a new product line that caters to the fast increasing plant-based gummy vitamin industry.
Customers can choose from a variety of goods, including Apple Cider Vinegar + Acai, Turmeric Immunity, and an impending Algae Oil supplement, which will serve as a plant-based alternative to fish oil for daily Omega-3 intake.
Preservatives, chemicals, corn syrup, allergies, soy, dairy, wheat, salicylates, artificial ingredients, artificial sweeteners, flavors, or colors are all absent from Qubes gummies.
This new product is designed to capitalize on the increased demand for vitamins.
“The global gummy vitamins market is expected to be worth USD 5.9 billion in 2020 and USD 10.6 billion by 2025, with a CAGR of 12.5%,” according to the report. — https://www.reportlinker.com/p05978377/
The plant-based segment is a new product line in a rapidly growing market with a lot of room for expansion. Qubes Brand can only improve the company’s plant-based and CBD-based product offerings.
“The launch of Qubes is another great step toward our expansion into several verticals,” said CEO Allan Marshall. Grove Inc. is more than just a CBD firm, and we’ll keep expanding our reach into lucrative markets. Our Direct To Consumer strategy will continue to drive our future profitability and growth.”
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During the projection period, the plant-based category is expected to develop at the fastest CAGR. Vegan and vegetarian lifestyles are becoming increasingly popular among consumers. To eliminate the usage of gelatin, manufacturers in the worldwide gummy vitamins market are manufacturing gummies with agar-agar and xanthan gum, as well as plant-based alternatives. The market is expected to grow at a faster rate as customers in the worldwide market migrate more toward plant-based sources of products.” – https://www.reportlinker.com/p05978377/
The corporation continues to grow its consumer reputation by providing free product samples and establishing a devoted customer base.
“At Qubes, we believe in the principle of “less is more” when it comes to health and fitness. To make our gummies simple yet effective, we focus on formulating formulations focusing on novel ingredients. To assure purity and quality, we obtain our ingredients with great care and precision.” – GetQubes.com
Grove, Inc. is a company based in Grove, California.
Grove, Inc. develops, manufactures, markets, and sells raw materials, white label products, and end-user products containing Cannabidiol (“CBD”), an industrial hemp plant extract. The company sells to a variety of consumer categories, including botanicals, beauty products, pet care, and functional foods. It aims to capitalize on a growing global movement to re-energize industrial hemp production and promote its numerous consumer applications.
Statements with a View Toward the Future
This press release includes “forward-looking statements,” including statements about the Company’s product development, business strategy, and plant-based segment growth. Forward-looking statements are subject to a variety of risks and uncertainties, many of which are beyond the Company’s control, including those detailed in the Risk Factors section of the Company’s registration statement and prospectus for the offering filed with the Securities and Exchange Commission. The SEC’s website, www.sec.gov, has copies available. Except as required by law, the Company assumes no obligation to update these statements for modifications or changes after the date of this release.
Contact Information for the Business
Andrew NorstrudPhone: (702) 332-5591Email: investorinfo@cbd.io
TraDigital IR can be reached at investor relations@tradigital.com.
John McNamaraPhone: (917) 658-2602Email: john@tradigitalir.com
Benzinga.com, 2021. Benzinga does not offer financial advice. All intellectual property rights are reserved./n
