Quim Grows D2C CBD 270% from 2019 to 2020
With the onset of the pandemic in early 2020, we focused heavily on the Direct to Consumer (D2C) CBD revenue stream of our business in 2020. Not only is this the side of our business with the highest margins and simplest cash collection, but it allows the most direct access to our customers. We're so proud to announce that with very little paid marketing spend, we were able to grow the D2C CBD side of Quim by 270% in 2020!
Here are a few additional highlights from 2020:
- 14% increase in CBD Wholesale units sold from 2019 to 2020, despite the closure of many of our brick-and-mortar partners for a majority of the year
- Gross Revenue Split: 51% D2C CBD / 15% CBD Wholesale / 34% THC
- Google Ads campaign yielding 2X spend by Q4'20
- Press features in Forbes, Yahoo Finance, SELF Magazine, Women’s Health, Men’s Health, Benzinga, SF Weekly, and more!
- Secured and received forgiveness on a Federal PPP Loan