The CBD products SME, The Beemine Lab, consolidates in the Spanish scene with a growth forecast of 180%, Going from a turnover of 1.35 million in 2022 to reach 2.8 million at the end of 2023. The brand has not stopped growing since its creation in 2018, as evidenced by its billing history in recent years. They have gone from billing almost a million euros in 2021 to 1.35 million, last year.
“Our milestone is to exceed two and a half million euros by the end of 2023. We are aware that we work in a very competitive market, but we are sure that we are on the right track to become one of the main Spanish brands of CBD products“, it states Telmo Guell, co-founder and CEO of The Beemine Lab.
This growth is largely due to the increased presence of its products in approximately 1,500 pharmacies from cities like Seville, Madrid, Bilbao, A Coruña, Malaga, Valencia and Barcelona. Something that they also intend to increase throughout this year to reach 2=.400 pharmacies throughout the Spanish territory, with the aim of becoming a benchmark for natural products in this type of establishment=.
In addition to this economic growth, the company also forecasts to increase its current product catalog. It currently has a total of 15 aimed at intimate care, hair care, natural cosmetics, sports or pet products.
expansion plans
Among the company’s growth plans is not only expanding its presence in Spanish pharmacies, but the company is analyzing expanding its sales to countries such as Costa Rica, Romania or Ecuador, which would increase its international presence to 9 countries, since now they are present in Japan, Belgium, Italy, France and Germany.
“Without a doubt, we are very excited about these forecasts given the situation of economic instability that we are experiencing. Despite this, we take on this challenge and we will maintain our forecasts for 2023. We will put all our efforts into improving The Beemine Lab and achieving the proposed objectivesGüell declares.
In this commitment to growth in 2023, The Beemine Lab also foresees duplicate your templatewhich now has 25 employees, in order to respond to present and future needs.
