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Harvest One Cannabis Inc’s (OTCMKTS: HRVOF) Dream Water Brand Launches its Sleep Gummies into the American Market

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Harvest One Cannabis Inc (OTCMKTS: HRVOF) reported that its Dream Water launched sleep gummies for a new line in the American market. Global cannabis-infused and non-infused consumer goods leader, Harvest One, announced on August 25 and highlighted that the dream Water’s sleep gummies would enhance the company’s growth in traditional distribution and retail channels. Also, develop overall channel penetration by leveraging the company’s expertise in distribution, marketing, and branding. The sleep gummies will launch into the real markets in September. 

Sleep Gummies’ Domination in Markets

Gummies play a vital role in the functional format through vitamins, infusions, and other health products. In 20218, the global gummies market was valued at $5.7B and is estimated to be $9.3B by 2026 with a 6.5% of compound annual growth rate. In addition, in 2018, the highest contributor to the North American gummy market, the U.S., had gummy market revenue of $2.3B, which is expected to increase by $3.45B by the end of 2026. Moreover, by 2024, the sleep products will be expected to increase sales to over $1.2B in the United States and $120M in Canada, with a compound annual growth rate of 3%. 

Gord Davey’s Statement

Harvest One’s President and Chief Executive Officer, Gord Davey, said they are pleased to launch the sleep gummies, a natural extension of their health and wellness products portfolio. A significant opportunity to grow their market share in the sleep aid market. He also adds that Dream Water’s innovative products and the brand have established itself as a strong and dominating leader in the sleep aid market. Harvest One and dream Water plans to continue innovating products, educating and commercializing the market in this category to develop success in future years with innovative products and extensions. 

The company plans to begin shipping the sleep gummies to drugs, groceries and retails this month, and the product will be available on the e-commerce sites such as Amazon. Furthermore, this extension will allow the brand to acquire more consumers across North America.

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