Regent Pacific jumps into Asian CBD market with Yooya acquisition

Regent Pacific jumps into Asian CBD market with Yooya acquisition

Regent Pacific is set to enter the burgeoning CBD market in Asia with the acquisition of Yooya for US$15 million.

Following the acquisition, the e-commerce platform will become the first to focus on the growing market for CBD-based products in Asia. The market is estimated to be worth up to US$15 billion in China by 2024. Yooya, with its 1.7 million page views per month, has been pegged as the ideal launchpad to target Asian CBD shoppers.

“Asia is a largely untapped CBD market and represents the next enormous market opportunity to benefit from the global secular trend towards the legalisation of cannabis,” said Regent Pacific in a statement. ffffff

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