TORONTO, April 20,
2022 /CNW/ - The Well Told Company Inc.
("Well Told" or the "Company") (TSXV: WLCO)
(FSE: 7HO), the female-founded wellness company that offers
plant-based supplements, remedies, and other functional wellness
products, is pleased to announce very strong first quarter growth
on the Amazon platform in both Canada and the U.S. As at the end of the first
quarter of 2022, the Company has more than tripled its total annual
2021 Amazon revenue. In addition to this significant growth, the
Company's Bye Bye Bloating product has also already earned the
coveted "Amazon's Choice" badge. While the Company has
invested in advertising to grow this channel, with 80% gross
margins, its Amazon business is positively contributing to the
Company's path to profitability.
Commenting on these tremendous results, Monica Ruffo, founder and CEO of Well Told,
stated, "We are strong believers in a multichannel approach, making
our products available when and where our consumers choose to shop.
While we are still just getting started with Amazon, this strong
revenue growth is a key indicator of the key role this platform
promises to play for our company. This is further testament of
things to come, as our brand continues to gain awareness, trial and
repeat purchase across all channels."
About The Well Told Company Inc.
Well Told is a female-founded, emerging plant-based wellness
company that formulates, develops, distributes and sells a variety
of supplements, remedies and other functional wellness products.
Founded by serial entrepreneur and award-winning leader
Monica Ruffo, it was after
undergoing treatment for breast cancer, and deciding to take her
health into her own hands that she discovered the lack of
transparency and availability of clean, plant-based formulations in
the wellness industry. With the mission "Clean wellness for all",
Well Told's products are currently available in over 2,000 stores
across Canada including several
well-known retailers and recently launched in over 850 pharmacies
in the US in addition to being available at well.com and on
Amazon.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE The Well Told Company Inc.