Global Cannabinoids' sanitizer shoots out of the gate
Two weeks ago, Global Cannabinoids, a producer of private label cannabinoids and cannabinoid-infused products, announced it would be developing a white label hand sanitizer that includes CBD, as well as cannabigerol, or CBG, that retailers could roll into their store brand portfolios and meet the high demands of sanitizer products during the COVID-19 pandemic.
In that short time the company has announced it secured $15 million in hand sanitizer orders and under a newly formed entity Global Sanitizers, is aiming to be one of the leading bulk and wholesale suppliers of hand sanitizers in the U.S.
The company said it has shifted its supply chain of ethanol used in the extraction of hemp toward the production of hand sanitizers, securing hundreds of thousands of gallons of 40-B and 3-C denatured ethanol approved by the FDA for topical use. The company is working with OTC manufacturers of hand sanitizers.
"We never expected to become one of the leading bulk and wholesale suppliers of hand sanitizers this quickly, but after analyzing the current supply chain and meeting with our OTC manufacturing partners, it became apparent to us that serious gaps in hand sanitizer production existed. This presented us with a unique opportunity to fill in the gaps by diverting contracts for ethanol used in the large scale extraction of hemp, towards the production of hand sanitizers," said Ryan Lewis, chief executive officer and chief business developer, Global Cannabinoids.
"The current leading brands of hand sanitizers in the USA are clearly unable to supply the new demand for these products, and that presented us with an opportunity to use our bulk and wholesale distribution network and supply chain logistics to challenge their reign. We recently formed a new company, Global Sanitizers, to address this new market opportunity and we began offering white label and private label sanitizers to some of the leading companies in the country who are now introducing their own brand of hand sanitizer," he added.
The Global Sanitizers brand will also produce a branded line called Medically Minded for brick-and-mortar retailers, as well as innovative soaps and surface cleaners.