Wanderport Corporation Announces Interim Business Update
The development of the Company’s next generation online store is in its final phases. The store will allow customers to purchase a variety of the Company’s own products as well as others’ hemp and Cannabidiol (CBD) products in the area of food and beverages, dietary supplement and personal care.
The implementation and testing of the modules that accept crypto currencies and customer reward has taken longer than planned. The Company may opt to roll out the online store in phases with the platform completely available in the later part of Q1.
The development of the marketplace for vendors to sell hemp and CBD related products is on-going. The Company will derive its revenue from transaction fees as a percentage of sales. Additional revenues can also be obtained from advertisement. The launch of the site is slated for late this month or early next month.
Online and retail sales of Sapa Coffee™ and Sapa Tea is going well. The Company has recently introduced new packaging for the products and they are well received. The products display well on the shelves due to its simple design and color coded flavors.
Hemp coffee in Colombian, Italian Espresso, French Vanilla and Hazelnut flavor and hemp tea in Green and Black Tea flavor can be purchased from independent grocery and boutique stores as well as online via Amazon or SapaCoffee.com. Hemp CBD blended coffee in Colombian and Italian Espresso as well as CBD Green and Black Tea can be purchased from local dispensaries or by contacting the Company.
The Company has seen its CBD coffee and tea sales increase rapidly in the past few months. The majority of the orders came from dispensaries, deliveries and distributors while steady online new and reorders made up the remaining sales.
Wanderport has been working with Sipp Industries to introduce Sipp’s Major Hemp Brown Ale (MHBA) to California. The Company has also been collaborating with a Southern California craft brewery and a distributor to prepare for the production, sales and marketing of MHBA. In addition to brown ale, the companies are considering two other flavors all of which will be canned for wider distribution.
While working through the logistics and regulatory issues to produce and sell MHBA in California, Wanderport is working with a California distributor to market and sell Sipp’s current Colorado inventory to local establishments.
“For the near term we have a few large initiatives in the work that will position Wanderport as a major player in the Hemp and CBD space. Despite certain delay due to regulatory and technical issues, we are pleased with our progress thus far. We are confident that these initiatives once completed will ultimately produce significant values for our shareholders,” commented Ty Cha, Chief Executive Officer.
About Wanderport Corporation
Wanderport Corporation is a premier producer and distributor of food, beverages and consumer products made with hemp. Its premium quality hemp Sapa Coffee™ and Sapa Tea blends are currently being sold in a growing number of independent grocery and small specialty stores in Southern California. Its products are also sold online at www.sapacoffee.com and www.amazon.com. For more information, please visit http://www.wanderportcorp.com.
Forward Looking Statements:
Statements made herein constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company’s stock price, increased competition, customer acceptance of new products and services to be offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating efforts. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management’s plans and objectives for future operations. While these forward-looking statements and any assumptions upon which they are based are made in good faith and reflect current judgment regarding the direction of the business operations of Wanderport Corporation, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this press release.