Dragonfly Biosciences continues its global expansion across Asia by partnering with eCargo Holdings Limited, acquiring multi-channel distribution partners in China, Vietnam, Cambodia, Thailand, Indonesia, Malaysia, Singapore, Australia, and New Zealand.
Once the regulatory landscape has been adjusted, the partnership is expected to bring a rapid increase in the Asia Pacific. As brands from the UK and US are entering the market, consumer interest is shaken. Dragonfly Biosciences – the producer of the award-winning Dragonfly CBD oil – will drive success across the category of skincare products.
With the cannabis industry booming – being one of the fastest-growing markets in the world, some estimating the value of the global CBD market to reach USD 5.3 billion by 2025 – the partnership with eCargo Holdings Limited is just a part of a wider cooperation, allowing access to the Asian market.
Regan Saveall, Chief Executive at Dragonfly Biosciences UK, commented on the exciting development – “We are proud to be driving global and category growth yet again. Dragonfly’s success is embedded in its seed to shelf philosophy, which consumers value and trust. Our expansion across Asia will bring enormous success, both to our brand and the market. This new partnership complements our existing relationship with Health House International that is currently expanding Dragonfly in Australia.”
He also added – “Dragonfly’s seed to shelf philosophy includes extensive research and development and stringent quality controls throughout the manufacturing process to ensure the highest and most consistent product quality. All of Dragonfly’s CBD products are rigorously tested both in our own and independent laboratories. Every product is standardised to contain specific quantities of cannabinoids including CBD.”
Lawrence Lun, eCargo Holdings Limited CEO commented on the partnership, saying, “We’re excited to bring Dragonfly Biosciences into our brand portfolio and provide our Asia Pacific network with their award-winning CBD products through both online and offline channels. Dragonfly’s reputation in the market and their responsible practices promote great confidence with our partners and shareholders and we look forward to a long and successful working relationship.”
