EastWest Bioscience Receives Additional Health Canada Approval for Hand SanitizerJune 2, 2020
PENTICTON, BC / ACCESSWIRE / June 2, 2020 / EastWest Bioscience’s (“EastWest”) (EAST.V) manufacturing subsidiary, Orchard Vale Naturals (“Orchard Vale” or the “Company”), has received additional Health Canada approval for hand sanitizer. This will secure our supply of material required to meet the market demand.
When EastWest entered the hand sanitizer space, it was apparent from the beginning that the demand for these products would not be an issue. Rather, the problem would be in accessing continuous and reliable supply of raw materials and packaging materials. Although there are now alternatives in the market such as products from China and Guatemala, our distributors are demanding high quality Health Canada or FDA approved products made in North America.
To alleviate the supply chain issue of North American materials, we have established a B2B partnership with an Ontario based raw material supplier that provides us with a reliable supply of hand sanitizer materials. To fulfil our current and future packaging needs, we have also established a B2B partnership with a bottling/packaging provider. These B2B partnerships allow us preferred access to these supply materials in a fast and cost effective manner and allow us to increase our sales potential by tapping into distribution networks provided by our supply chain partners.
The Company is taking pre-orders and fulfilling its current demand. In Canada, the Company has received pre-orders from its National Chain of Sangsters stores, along with its existing independent distribution network in Canada. However, we are anticipating strong demand in the short and medium term. EastWest is working with its financial institutions and are also accessing Government sponsored loans to ensure that it has the necessary capital to fulfill significant orders.
“EastWest is ready to fulfil market’s demand for its hand sanitizers. We are working hard to minimize our supply chain risks by addressing the issues of raw materials and financing early on and systematically. Our B2B partnerships with financial institutions, government entities and material/packaging suppliers ensure that we are on track to meet the market’s demand.” says Rodney Gelineau, EastWest Chief Executive Officer.
About EastWest Bioscience Group
EastWest Bioscience is a vertically integrated wellness company with the infrastructure to become a global giant in the Hemp & CBD consumer health market. Since it was founded in 2016, EastWest continues to grow as a high-quality producer, manufacturer and distributor of multiple lines of premium health and hemp products. EastWest currently has more than 200+ NPN’s in its stable of products.
EastWest’s consumer product lines are divided into four distinct brands: 1) Natural Advancement – natural biopharmaceutical health supplements; 2) Earth’s Menu – all-natural hemp superfoods; 3) Natural Pet Science – pet food and pet supplements; and 4) ChanvreHemp – all-natural health and beauty products.