Pet Releaf Shares 2019 Milestones


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Pet Releaf reported significant growth in 2019 due to increased interest in CBD pet products, expanded product lines and market demand for quality USDA organic CBD pet products.

“This has been a breakout year for the CBD pet industry as a whole and specifically for our company as we continue on our mission to change what healthy means for pets,” said Steve Smith, co-founder and president of Pet Releaf. “We believe we have a moral obligation to educate as many pet parents as possible on the benefits of CBD. This year, we expect to see mass adoption of CBD pet products and anticipate a 30 percent increase in revenue in the first quarter of 2020.”

Pet Releaf achieved the following milestones in 2019:

  • Expansion – Pet Releaf products are now available in more than 6,000 retailers nationwide, a 50 percent increase over the previous year.  

  • Company Growth – Year-over-year revenue has increased by more than 33 percent. The staff has grown more than 50 percent over the last year, office space tripled, and in early 2020 Pet Releaf moved into a new, 25,000-square-foot manufacturing facility.

  • Product Line – Pet Releaf doubled the number of SKUs in the company’s product line, now offering more than 30 SKUs for dogs and cats. 

  • Market Leadership – According to the Brightfield Group, Pet Releaf products accounted for approximately 65 percent of the market’s retail pet CBD sales.

  • Third-Party Validation – Pet Releaf is the first “pet only” CBD company to achieve the U.S. Hemp Authority (USHA) Certification as well as the only CBD pet company that sits on the board of directors of the U.S. Hemp Roundtable. Smith was recently nominated to the executive committee of the U.S. Hemp Roundtable and named an honorary board member of the Hemp Industries Association.

  • Industry Accolades – The company won several 2019 awards for excellence in product quality, including the Pet Business Industry Recognition Award, LUXlife Magazine’s Best CBD Pet Products Company Award, among others. 

  • Philanthropy – Pet Releaf works with more than 30 animal shelters and nonprofit organizations worldwide to support daily struggles or natural disasters. As part of this effort, Pet Releaf was awarded exclusive rights to the Keith Haring Barking Dog imagery. The company launched its special edition Barking Dog collection of Edibites, an all-natural, full-spectrum daily CBD supplement that benefits the Keith Haring Foundation and rescue animals of all ages.

 

All of Pet Releaf’s products incorporate hemp that is certified USDA organic and grown at the company’s joint-venture hemp farms strategically located across Colorado. Pet Releaf uses the entire hemp plant to provide full-spectrum CBD products that are highly nutritional, effective and safe.

 

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