After the successful opening of Voyager’s new brick and mortar CBD store in Scotland, the company is seeing rapid expansion with the opening of two new premises.
Health and wellness company that supplies CBD and hemp seed oil products, Voyager, opened its first store in St Andrews last month to meet the needs of underserved CBD consumers in the UK. Thanks to strong trading at the store the company is now set to open a further two stores in Dundee and Edinburgh, with a target to open both in time for Christmas trading.
The company has also seen considerable progress over the summer, with its products now stocked in over 70 third-party retail stores in Scotland and England, including Loch Leven’s Larder, Glendoick Garden Centre, WCF Pet & Equestrian and Harbro.
UK expansion
Voyager’s first store in St Andrews, which includes a cafe, has been open for over a month and its successful trading has set the stage for its UK brick and mortar expansion.
The new Dundee store is situated near the V&A Museum and the Malmaison Hotel, and the Edinburgh store is in the middle of the shopping district in Stockbridge and previously operated as a café. Voyager says this will reduce the cost and time of its own preparations to open, suiting the continuation of its strategy of selling coffees and other hot drinks with the option for customers to add CBD.
Voyager founder and CEO, Nick Tulloch, commented: “A little over two months on from our IPO, I am pleased to report that our plans are very much on track and that Voyager is seeing success on a number of fronts. Our diversified business model, extended retail reach and growing product range has given us a platform for sustained growth.
“The rapid growth of the CBD and hemp market, both in the UK and abroad, is well reported and we remain convinced that a significant opportunity exists to build a trusted brand. Feedback from both retail and business customers has demonstrated that there is a growing awareness and interest in CBD and hemp and our policy of providing clear and accurate information, coupled with high quality products that are fairly priced, is generating increasing interest.
Read more: Voyager establishes physical store for underserved UK CBD consumers
“We have a great deal more to do, of course, and the final months of 2021 will be extremely busy for all of the Voyager team as we develop the three sides of our business. Team morale is very high and each customer order further convinces us of the opportunities still to come as we seek to further build revenue and drive long-term shareholder value.”
The new stores will stock a variety of exclusive products that are not available online as well as a small number of guest brands, and the company is set to introduce its new skincare range this week.
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