Curated News
By: NewsRamp Editorial Staff
July 04, 2024
Delivra Health CEO Gord Davey Discusses Middle East Expansion with New Dubai, UAE Sales Territory
TLDR
- Delivra Health's expansion into the Middle East opens new sales territory, providing a competitive advantage in a growing market.
- Delivra's CEO, Gord Davey, discusses the successful trip to Dubai and the nine-month process of regulatory approvals for product distribution.
- The expansion into the UAE allows Delivra to address widespread sleep issues, making a positive impact on the population's well-being.
- Delivra's partnership in the Middle East and the distribution of Dream Water in the UAE presents an interesting opportunity for global growth.
Impact - Why it Matters
This news matters as it highlights Delivra Health Brands Inc.'s strategic expansion efforts in the Middle East, specifically targeting the UAE as a new sales territory for its product Dream Water. The move reflects the company's commitment to global growth and addresses the significant market potential in the region driven by a growing population and widespread sleep issues.
Summary
Delivra Health Brands Inc. (TSX-V:DHB) CEO Gord Davey discusses the company’s recent expansion efforts in the Middle East during an interview with Proactive's Stephen Gunnion. Davey highlighted a successful trip to Dubai, where Delivra has partnered to target the United Arab Emirates (UAE) as a new sales territory. This move aligns with the company's strategy to expand its brand presence in the region. Delivra's product, Dream Water, which is already registered as a drug product and widely available in pharmacies across Saudi Arabia, will now be distributed throughout the UAE. Davey acknowledged the challenges faced during the nine-month process of regulatory approvals but credited their local partner’s expertise in navigating these complexities. He emphasized the significant market potential in the UAE, driven by a growing population and widespread sleep issues, which Dream Water aims to address. Looking ahead, Davey mentioned ongoing efforts to expand into additional territories in the Middle East, although he did not specify which countries due to pending regulatory approvals. He assured that the company is committed to global growth and will continue to update shareholders on progress.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Delivra Health CEO Gord Davey Discusses Middle East Expansion with New Dubai, UAE Sales Territory