Consumers seem to be turning to hemp and cannabis products during the current crisis, which has buoyed the near term outlook for Curaleaf, one of the largest companies in the sector, which posted strong revenue growth in its recent annual report.
Botanical ingredients have a history of thousands of years of supporting human health. As we enter springtime in the North Hemisphere it's comforting to reflect on the fact that that will still be true even as the current crisis passes.
The $2 trillion stimulus packaged passed unanimously by the US Senate this morning will have important implications for the dietary supplement industry that may help companies survive the worst of the coronavirus crisis impacts.
In recent years, many consumers chose to move away from brick and mortar stores to shop more conveniently online. Now the coronavirus outbreak is all but forcing them to do so.
Natural Products Expo West was supposed to be a launching pad for many new products. With the cancellation of the show and the many other coronavirus-related dislocations, natural products companies are scrambling to adapt.
CBD firm Charlotte’s Web reported $94.6 million in revenue in its annual report and announced an acquisition that expands its distribution into topical products.
Herbalife reported a 3% rise in sales for its full year, recording $4.9 billion in revenue. The increase was achieved even with sharp declines in China attributable to that country’s regulatory crackdown on multi level marketing companies.
Rising costs, unexpected operational challenges and the coronavirus impact has led to Blackmores halving its profits forecast and scrapping its dividend.
China company Ecmoho is looking to work with more supplements and functional foods brands, strengthen its offline distribution and increase repeat purchases after its publicly listing on NASDAQ.
Coatings and specialty ingredients manufacturer Mantrose-Haeuser Co. has acquired Profile Food Ingredients LLC, a manufacturer of dry stabilizer and emulsifier blends.
A mega-merger between International Flavors & Fragrances Inc (IFF) and DuPont nutrition & biosciences unit will create a new industry giant worth more than $45 billion (€40.4 billion), say those involved in the deal.
