- RooLife Group (RLG) places its first order in an eCommerce partnership with The Calmer Co (CCO), formerly known as Fiji Kava
- CCO says this first order is valued at $149,559
- The eCommerce deal struck with RLG has a sales target of up to $15 million over five years that, if achieved, will see RLG receive performance rights
- During the March quarter, The Calmer Co entered “powerful” distribution agreements while reducing and eliminating sales channels that didn’t deliver profit
- Shares in CCO are trading at four cents and shares in RLG are up 12.5 per cent to 0.9 cents at 1:20 pm AEST
The Calmer Co (CCO) has announced the start of its eCommerce partnership with RooLife Group (RLG), with just under $150,000 of initial orders received by CCO.
The Calmer Co entered the Australia and China partnership with RooLife last month. The deal has sales targets of up to $15 million over five years that, if achieved, will see RLG receive performance rights.
Also during the March quarter, CCO inked a major distribution agreement with Cj Patel across 17 countries, with sales targets to maintain exclusivity of $11 million over three years.
For the quarter, CCO’s revenue was $394,000 — an increase of 23 per cent versus the previous quarter.
Shares in CCO were trading at four cents and shares in RLG were up 12.5 per cent to 0.9 cents at 1:20 pm AEST.