GERMANY – Nordic Health Group BV (Nordic Oil), the popular European CBD manufacturer, has launched its equity crowdfunding campaign on Seedrs, a UK-based crowdfunding platform.
Running throughout July, the campaign marks the first time Nordic Oil has taken in external investments in its three-year history.
With this milestone campaign, the company aims to generate funds that will be used to further the business’ expansion into new and emerging markets.
This campaign launched in partnership with Seedrs will see the Nordic Group aim to bring the benefits of its hugely popular products to an even wider audience.
The company has always been a customer driven business entity which brought forth this idea of a crowdfunding investment platform for loyal customers to participate in rather than the traditional angel investors.
Nordic Oil was first launched in 2018 and has since grown with revenues currently summing up to more than €35M.
At the moment, the company has over 300,000 customers across 12 countries around the world, making it one of the largest CBD brands in Europe with products ranging from CBD Oils and tinctures to soft gels and isolates.
Backed by a history of product innovation and exceptional customer service, the campaign is set to propel Nordic Oil to become one of the major global players in the CBD market.
The global cannabidiol market size was valued at USD 2.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.2% from 2021 to 2028 according to Grand view research.
Nordic Oil is aiming to make CBD accessible and understandable to everyone who can benefit from it.
The Co-Founder Dannie Hansen said, “We’ve been working hard to build this business and deliver the best possible experience for our customers. After recording strong growth in 2020, we’re looking forward to expanding even further off the back of this crowdfunding campaign.”