Kane Biotech (TSX-V:KNE) fulfilled its first major order, for $125,000 in bluestem pet oral care products, to its exclusive Chinese distribution partner, Eetoys Pet Products.
Kane announced the exclusive distribution agreement with Eetoys in July 2019. Under the accord, Eetoys will distribute Kane’s bluestem oral care products to more than 2,000 retailers across major markets in China.
“This shipment, which represents our second largest global order to-date, is a major milestone for Kane Biotech, particularly with the recent relaunch of our animal health business,” Marc Edwards, Kane’s CEO, said in a statement.
“We believe this shipment marks the beginning of significant global sales growth of Kane’s specialty pet product line, supported by our partnership with Eetoys in the fast-growing Chinese market as well as our ongoing strategy to increase North American sales via online and major retailer channels,” he added.
In a statement, Eetoys’ President, James Chen, said, “This summer, we received strong interest in Kane Biotech’s oral care products at one of China’s largest pet shows, China Pet Fair Asia 2019. Given this early positive response from our customers, we are looking forward to continuing to work with Kane Biotech to offer a variety of specialty pet products to retailers across China.”
