Pet Age Staff//July 6, 2018//
Pet Age Staff //July 6, 2018//
True Leaf Medicine International Ltd., a plant-forward wellness brand for people and their pets, has announced results for its fiscal year ending March 31, 2018, including record sales of $1.4 million (CAD).
These results represent a 280 percent increase in revenue over the previous fiscal year ($368,536) and a 286 percent increase of fourth quarter sales year over year, from $99,331 to $383,844.
Revenue growth was primarily fueled by True Leaf expanding the reach of its True Leaf Pet division to new locations in-store and online. True Hemp dog chews, dental sticks and supplement oils are now sold in more than 1,800 stores worldwide, including in Canada, the United States and Europe.
True Leaf Pet, a division of True Leaf, pioneered hemp-seed based pet supplements that provide calming support, promote hip and joint health, and help immune and heart function. The company’s True Hemp line is one of the first hemp-based pet products to be marketed worldwide.
“The strong revenue growth for True Leaf Pet demonstrates that pet owners worldwide want natural products with real health benefits for their pets,” said Darcy Bomford, founder and chief executive officer of True Leaf. “Customers return to our products because they see the results – they trust our products.”
Some highlights for fiscal year 2018 are:
Some highlights subsequent to fiscal year 2018 are: