The Beemine Lab, a CBD products small business, has consolidated in the Spanish market with a growth prediction of 180%. The brand has not stopped expanding since its creation in 2018, as evidenced by its billing history in recent years.
"Our objective is to exceed two and a half million euros by the end of 2023," says Telmo Guell, the co-founder and CEO of The Beemine Lab.
This increase is largely due to an increase in the number of natural products offered in around 1,500 pharmacies in cities such as Seville, Madrid, Bilbao, A Corua, Malaga, Valencia, and Barcelona. Something that they intend to increase throughout this year in order to become a benchmark for this type of establishment
The company expects to expand its current product catalog, which includes intimate care, hair care, natural cosmetics, sports and pet products.
In order to expand its presence in Spanish pharmacies, the company is looking at expanding its sales to other countries, such as Costa Rica, Romania, or Ecuador, which would increase its international presence to nine countries, including Japan, Belgium, Italy, France, and Germany.
Given the current economic instability, we are very interested in these predictions, and we will continue to improve The Beemine Lab and meet the anticipated goals, according to Güell.
The Beemine Lab intends to expand its business in 2023, including the addition of an additional 25 employees to its existing template.