Friday April 19, 2019 0 comments
BOULDER -- Mile High Labs, the largest extractor of CBD isolate in the world, has established an international beachhead in Northern Ireland and recently launched sales into the UK and Europe, cementing its position as a pre-eminent supplier of CBD ingredients globally.
In the fourth quarter of last year, Mile High Labs began operations in Belfast, Northern Ireland and has since built out a dedicated team to lead European expansion efforts for the company.
This location is strategically important to Mile High Labs, as it enables the company to fulfill regional orders of all sizes quickly, allows for the servicing and support of customers locally and serves as a borderless gateway to the rest of the European CBD market.
"We are very excited to officially launch European operations with our first sales into the UK and EU," said John Wallace, managing director of Mile High Labs UK/EU.
"Quality and consistency are of paramount importance in the European market, and we are proud to bring Mile High Labs' products and standards to customers locally.
“Having an on-the-ground presence helps us provide the best service and support to current customers in the region as well as new ones that understand the tremendous opportunity in this burgeoning market."
"Our expansion is a testament to the global consumer demand for CBD," said Jason Roth, Mile High’s CEO. "Wherever our customers are around the world, we want to support them, and we are committed to bringing the highest quality standards to the European CBD market and beyond."
Mile High Labs said its new Belfast center will provide the company with three significant advantages moving forward: (1) Opening a low-cost distribution center to serve the UK and European markets, (2) Lowering the company's effective corporate tax rate via the UK patent box system, and (3) Creating new business opportunities through the company's close relationship with Invest Northern Ireland.
"We are committed to being good stewards within every region we operate, and we are thrilled to have the support of Invest Northern Ireland," said Jon Hilley, Mile High’s CFO.
"We are equally committed to making investments that are highly accretive, and our expansion plan reinforces the notion that we are thoughtfully deploying our capital in ways that seek to maximize value for all of our stakeholders."