Demand for plant-based products on the rise. In fact, between now and 2026, the market is expected to grow at a CAGR of 8.7%. All thanks to rising consumer awareness about the harmful effects of materials, such as aluminum compounds, found in skin care products. With demand only growing, it could be a substantial catalyst for Better Plant Sciences Inc. (CSE:PLNT)(OTC:VEGGF), Ulta Beauty (NASDAQ:ULTA), E.L.F. Beauty Inc. (NYSE:ELF), Amazon.com Inc. (NASDAQ:AMZN), and Coty Inc. (NYSE:COTY).
“We know consumer interest in sustainability and vegan-friendly formulae is increasing,” says Jenni Middleton, director of beauty at the trend forecasting company WGSN, as quoted by Vogue. “People will shun animal-derived ingredients as they now understand the zoonotic origins of coronavirus, and want to turn to nature's apothecary to provide tried, tested and time-honored beauty and wellness solutions.”
Better Plant Just Listed Jusu Wellness Products for Sale in Ten Healthy Planet Stores
Better Plant offers plant-based products for optimum health and wellness. It is a vertically integrated company with a team whose complementary experience enables acquisition, development, manufacturing, and direct-to-consumer distribution of its products.
Its all-natural products vary from juice cleanses to home products to personal care products, all without chemicals or harmful ingredients. It has an extensive catalogue of over 400 proprietary plant-based product formulas.
Better Plant currently has over 70 plant-based products for sale through eCommerce and/or in retail stores under the brands Jusu, Urban Juve, and Wright & Well. Better Plant also offers operational and support services to companies in which it has an equity interest. Better Plant also owns approximately 27.7% of NeonMind Biosciences Inc. (CSE:NEON).
In addition, the company just received a product order from Healthy Planet, a store carrying high quality vitamins, supplements and healthy lifestyle remedies with 24 locations throughout Canada. Healthy Planet placed a total initial order of over 1,000 units for 10 locations in Ontario. Jusu Wellness products will also be available for purchase internationally on www.healthyplanetcanada.com starting in June 2021.
Healthy Planet sets the standard for accessible wellness in Ontario. Its 24 stores are a trustworthy, reliable source of products, information, and referrals to natural health professionals. Its curated selection of wellness products range from health foods and supplements to sports nutrients and beauty care.
Better Plant’s broker partner, Thank You Merci, is confident that Jusu products will be an excellent addition for Healthy Planet’s health and wellness-conscious consumers. "As one of Canada's leading suppliers of natural cosmetics and personal care, we are excited to make Jusu available to consumers in Ontario at select Healthy Planet locations," says Lindsay Blakeman, CEO of Thank You Merci.
“In the last year, Jusu Wellness has had orders from 45 brick-and-mortar stores across Canada, which has been a healthy addition to Jusu’s direct to consumer business,” said Penny White, CEO of Better Plant. “Healthy Planet is highly aligned with our brand values and makes an excellent partner for Jusu.”
Other related developments from around the markets include:
Ulta Beauty announced that it plans to report its financial results for the first quarter ended May 1, 2021 on May 27, 2021, after the market closes. The Company will conduct a conference call to discuss its financial results on May 27, 2021 at 4:30 p.m. Eastern Time / 3:30 p.m. Central Time. The conference call will be hosted by Mary Dillon, chief executive officer, Dave Kimbell, president, and Scott Settersten, chief financial officer.
E.L.F. Beauty Inc. announced that it will hold a webcast to discuss its fourth quarter fiscal 2021 results on Wednesday, May 26, 2021, at 4:30 p.m. Eastern Time. A press release detailing the Company’s results will be issued prior to the webcast, which will be hosted by Tarang Amin, Chairman and Chief Executive Officer, and Mandy Fields, Senior Vice President and Chief Financial Officer.
Amazon.com Inc. launched a new mental health benefit, Resources for Living, that provides every U.S. employee, their family, and their household with a single place to start for personalized, convenient, and confidential support for mental health and daily life assistance. These services are available 24 hours a day, seven days a week, and include access to free counseling sessions in-person or through the phone, video, or text. “Easy and affordable access to mental health care has become increasingly important as we all continue to navigate different everyday challenges,” said Beth Galetti, Amazon senior vice president of People eXperience and Technology. “Providing access to—and awareness around—mental health care is a critical responsibility for employers. This new offering will help us remove barriers and unnecessary stigma around getting help, to ensure our employees and their families feel safe and supported.”
Coty Inc. announced continued improvement in its financial results and early evidence of recovery across its operations for the third quarter of fiscal year 2021, ended March 31, 2021. In Q3, revenues declined 3%, or 5.5% LFL, in a persisting COVID context in Europe and select regions. At the same time results were buoyed by +20% LFL growth in Asia Pacific, 30% growth in e-commerce, and a relatively stable performance in the Americas, including strong growth in U.S. prestige sales. Brands like Gucci, Burberry and Marc Jacobs were standouts, with double digit growth in the quarter, and Coty continued to build upon its newer prestige engines of growth in cosmetics and skincare. The 2% LFL growth in the prestige sales was noteworthy, given Coty's higher commercial weighting in Europe and the continued active reduction of sales in low quality channels, which represented a high single digit negative impact to the prestige sales in the last two years.
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