RE: RNS out.16 Feb 2021 09:11
World High Life Plc (AQSE: LIFE) (OTCQB: WRHLF), is pleased to announce that Love Hemp Limited ("Love Hemp"), a wholly owned subsidiary of World High Life, achieved 2nd quarter unaudited sales (October 1 to December 31), of £1,562,000 ($2,175,000), a 97% increase from Q1 sales of £793,500 ($1,105,000).
The continued rise in sales represents a strong increase in demand during the COVID 19 pandemic across all platforms: Love Hemp, CBDOilsUk.com and wholesale activities via LH Botanicals.
Q2 Highlights (October 1 to December 31)
· £1,562,000 ($2,175,000) in revenue - up 97% compared to Q1 revenue of £793,500 ($1,105,000)
· £764,000 ($1,062,500) in gross profit
· 11% online conversion rate increase compared to Q1 rate of 12%
· Over 69,000 units sold online
· Over 10,500 online customer accounts created
First Half Year (July 1 to December 31)
· £2,355,000 ($3,280,000) in sales
· £1,311,000 ($1,825,500) gross profit