- Food, skincare and nutraceutical company Live Verdure (LV1) launches its 13 Seeds brand on Walmart.com
- LV1’s TheraJoint+ and TheraNight+ products are now available on Walmart’s e-commerce platform that records over 100 million unique visitors each month
- This agreement is strategically material for LV1 as it accelerates the Walmart approval process for future products which are expected to be launched throughout the year
- Either LV1 or Walmart may terminate the agreement at any time and revenue is not yet known and will be subject to orders from Walmart customers
- Shares in LV1 are steady on the market and are trading at 32.5 cents
Food, skincare and nutraceutical company Live Verdure (LV1) has launched its 13 Seeds brand on Walmart.com in the US.
LV1’s TheraJoint+ and TheraNight+ products are now available on Walmart’s e-commerce platform that records over 100 million unique visitors each month.
Sales from Walmart.com totalled more than US$43 billion (A$58.85 billion) in 2021, making it the second-largest e-commerce marketplace in the US behind Amazon.
The 13 Seeds product range is made entirely of Tasmanian hemp and includes oils, muesli, capsules, protein powder and honey.
This agreement is strategically material for LV1 as it accelerates the Walmart approval process for future products which are expected to be launched throughout the year.
Either LV1 or Walmart may terminate the agreement at any time and revenue is not yet known and will be subject to orders from Walmart customers.
“The availability of 13 Seeds products in the US market via the two largest e-commerce
marketplaces, and into bricks and mortar stores through our distribution partner Trulife, not only delivers incremental revenue but also builds brand awareness,” Managing Director Ran Vaingold said.
Shares in LV1 were steady on the market and were trading at 32.5 cents at 2:52 pm AEDT.