Expands US Market Presence with New e-Commerce Store
Released
Released
Announcement PDF
22 June 2023
ASX RELEASE
Fiji Kava® Expands US Market
Presence with New e-Commerce Store
22 June 2023 Brisbane, Australia: The Calmer Co. International Limited (ASX:CCO), a
health and wellness company focussing on natural products that promote calmness,
support mind & muscle relaxation and improve sleep has announced the launch of its
new e-commerce store in the United States for its FijiKava® brand.
Previously, FijiKava® products were sold online exclusively through the Amazon
marketplace in the US. However, due to the consistently strong sales performance
over the past three months, with an average daily sales figure of more than $2,400,
the company has decided to establish its own online store to further expand its presence
in the market.
The new store will be located at www.fijikava.com which will now redirect US
customers automatically to a dedicated US storefront.
Highlights
•
Strong Sales Performance: FijiKava® products have experienced accelerating
sales on the Amazon e-commerce marketplace, with an average of $2,400 in daily
sales over the last quarter.
•
Hero Product: The FijiKava® Instant Noble Kava150g has been a standout product,
retailing at USD$41 per pouch and now averaging 24 units per day, and growing.
•
Diverse Product Range: Both Taki Mai® and FijiKava® products will continue to be
available on their dedicated branded stores in the Amazon marketplace, offering
customers a wide selection of products in Instant and Traditional Grind kava.
•
Enhanced Profit Margins: The launch of a dedicated FijiKava® e-commerce store
in the USA, powered by the Shopify platform, will allow for direct sales without
Amazon merchant fees. Fulfilment will be handled by Calmer Co.'s Danodan team
based in Portland. The new e-commerce channel with have significant margin
improvements, while maintaining the same retail prices for customers online.
CEO Anthony Noble, expressed his enthusiasm about the growth potential for both the
Taki Mai® and FijiKava® brands in the US e-commerce market. He stated, "We believe
there is tremendous opportunity to further expand the reach of our traditional Taki Mai
brand and to continue growth of our instant FijiKava brand in the USA. Both brands have
dedicated “Amazon Brand Stores” which are performing well. With our newly
established online store at www.fijikava.com, US customers will now be able to buy and
subscribe directly from us. Margins will be even higher for this channel without the
Amazon merchant fees and with Danodan handling fulfillment from our Portland site.”
“Increasing our focus on e-commerce, along with full implementation of our previously
announced cost control measures, has meant that the FijiKava USA business unit has
now been profitable since March. Seeing the FijiKava® range growing at circa 20%
quarter on quarter since 2022, underlines why we will now focus on e-commerce, which
has lower and more scalable cost to service versus conventional retail channels.”
By launching its own FijiKava® e-commerce platform, The Calmer Co. USA will strengthen
its direct-to-consumer sales channel, broaden its customer base, and maximize its
market presence in the United States. Danodan and FijiKava will also introduce new
product offerings in CBD topicals and kava dietary shots online later this year in the USA.
Amazon USA Quarterly Sales ('AUD)
$240,000.00
$220,000.00
$200,000.00
$180,000.00
$160,000.00
$140,000.00
$120,000.00
$100,000.00
FY22Q3
FY22Q4
FY23Q1
FY23Q2
FY23Q3
FY23Q4
This release has been approved by the Board of Directors
ends
Trailing Quarterly Sales to 20th June:
Trailing 90 day unit sales of 150g Instant Kava:
147k USD (217k AUD)
2136 units
2
For further information
Investor & Media Relations
Matthew Reede
Dominion Communications
matt@dominion.partners
+61 414 483 054
About The Calmer Co.
The Calmer Co. International Limited (ASX:CCO), provides natural solutions to calm nerves,
support mind and muscle relaxation and induce sleep. The product range includes drinking
powders, teas, shots, concentrates and capsules. Sold under our house of brands: Fiji Kava, Taki
Mai and Danodan Hempworks in markets including USA, Australia, China New Zealand and Fiji.
Forward Looking Statements
This ASX release includes certain forward-looking statements that are based on information
and assumptions known to date and are subject to various risks and uncertainties. Actual
results, performance or achievements could be significantly different from those expressed in,
or implied by, these forward-looking statements. Such forward-looking statements are not
guarantees of future performance and involve known and unknown risks, uncertainties and
other factors, many of which are beyond the control of Fiji Kava. These factors may cause actual
results to differ materially from those expressed in the statements contained in this
announcement.
Trailing Quarterly Sales to 20th June:
Trailing 90 day unit sales of 150g Instant Kava:
147k USD (217k AUD)
2136 units
3
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