Cosmos Holdings to Launch Sky Premium Existence Nutritional Supplements on Amazon British isles
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CHICAGO, April 27, 2021 (Globe NEWSWIRE) — Cosmos Holdings, Inc. (“the Company”) (OTCQX: COSM), a vertically built-in, intercontinental pharmaceutical organization with a proprietary line of branded and generic pharmaceuticals, nutraceuticals, OTC remedies and an intensive, established European Union distribution network, these days declared that the Company’s subsidiary, Decahedron Ltd, a United kingdom-dependent pharmaceutical wholesaler, distributor and achievement middle, has initiated the launch of 65 Sky Premium Life products and solutions on Amazon United Kingdom.
PAGB, the customer health care affiliation that represents the makers of branded OTC medications, self-treatment clinical products and foods health supplements in the United kingdom, has been operating with Decahedron on the merchandise marketing and advertising regulatory procedure for Sky Quality Daily life items in the Uk. Cosmos expects to have ten Sky Premium Lifestyle SKUs released up coming thirty day period, and targets possessing all 65 SKUs outlined on Amazon United kingdom by year conclusion.
According to Mintel exploration, the British isles nutritional vitamins and minerals market has improved 14.3% in 2020 in excess of the prior yr, increasing from £434 million to £494 million, and showing a major uptake of these goods by United kingdom people. United kingdom profits of all customer healthcare goods peaked in March 2020, up 125.8% 12 months more than year. With Covid-19 lockdowns and constraints on keep capability, consumers increasingly turned to on the net browsing and there are indications that this development is likely to keep on.
Moreover, in accordance to Mintel study, 24% of vitamins, minerals and nutritional dietary supplements (VMS) people have taken a lot more vitamins and nutritional supplements because the COVID-19 outbreak. Immune wellness has turn into a precedence since the pandemic began, with 36% of VMS customers using them to fortify their immune program and about a person in seven employing them to strengthen their mood (15%) and beat worry (13%).
Greg Siokas, Main Govt Officer of Cosmos Holdings, said, “Launching our Sky High quality Life products and solutions on Amazon British isles delivers Cosmos an opportunity for exponential expansion, driven by significantly better reliance on the two VMS intake and e-commerce browsing. It permits us to price tag effectively reach tens of thousands and thousands of shoppers in the Uk and the rest of the planet which, in transform, is predicted to assist improve the brand and offer buyers and shops a virtual storefront for all our solutions.”
“This is an critical milestone for Cosmos, and a big phase forward in the roll-out of our e-commerce and on-line distribution system. The Amazon Uk initiative enhances our worldwide profits method. We correctly created a sturdy distribution network, which now incorporates 160 wholesale pharmaceutical distributors in 16 nations, with accessibility to over 50,000 brick-and-mortar pharmacies,” he additional.
“We will carry on to add distributors around the world and expect to enter a range of new European and international markets this yr. I am confident our e-commerce approach will generate a substantial return on our expenditure given the favorable, expanding brand awareness and expanding international demand from customers for VMS,” Mr. Siokas concluded.
About Cosmos Holdings, Inc.
Cosmos Holdings Inc. is an intercontinental pharmaceutical corporation, with a proprietary line of branded and generic prescribed drugs, nutraceuticals, OTC medicines and medical equipment and an comprehensive, founded EU distribution community. The Firm identifies, acquires, develops and commercializes solutions that increase patients’ lives and outcomes. It has an extensive network of purchasers in Germany, United Kingdom, United Arab Emirates, Denmark, Italy, France, Singapore, Eire, Sweden, Poland, Netherlands, and Greece. Cosmos Holdings has workplaces and distribution facilities in Thessaloniki, Greece, Athens, Greece and Harlow, Uk. Far more facts is accessible at www.cosmosholdingsinc.com and www.skypremiumlife.com.
Ahead-Searching Statements
With the exception of the historic info contained in this news release, the matters described herein, may well have forward-seeking statements inside of the which means of Segment 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, adopted by, or that usually, involve the terms “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and comparable expressions or foreseeable future or conditional verbs this sort of as “will,” “should,” “would,” “may” and “could”, are generally ahead-seeking in nature and not historical information, though not all ahead-on the lookout statements consist of the foregoing. These statements, include mysterious hazards and uncertainties that may well separately or materially impact the issues discussed, herein for a variety of motives that are exterior the regulate of the Corporation, including, but not minimal to, the Company’s capacity to raise adequate funding to apply its enterprise strategy, the affect of the COVID-19 pandemic on the Company’s business enterprise, functions and the economic system in standard, and the Company’s potential to effectively create and commercialize its proprietary merchandise and systems. Viewers are cautioned not to put undue reliance on these forward- hunting statements, as actual success could differ materially from those explained in the forward-searching statements contained herein. Audience are urged to browse the possibility components established forth in the Company’s filings with the SEC, which are readily available at the SEC’s web page (www.sec.gov). The Enterprise disclaims any intention or obligation to update, or revise any ahead-wanting statements, no matter if as a end result of new facts, long term situations or in any other case.
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Supply: Cosmos Holdings
