Release – Cosmos Health Provides U.S. E-Commerce Update for October 2026: Monthly Subscription Value Reaches $1.83 Million, Approximately $22 Million Annualized

Cosmos Health logo

Research News and Market Data on COSM

Monthly subscription value of $1.83 million as of October 31, 2026, approximately $22.0 million on an annualized basis

12,532 active U.S. subscriptions as of October 31, 2026

October U.S. e-commerce total sales of $1.67 million, of which approximately $1.02 million, or 61%, was attributable to subscriptions

Approximately 19,100 orders in October from approximately 234,500 online store sessions

Continued momentum in November, with U.S. e-commerce sales continuing to grow significantly

CHICAGO, IL / ACCESS Newswire / November 11, 2026 / Cosmos Health Inc. (“Cosmos Health” or the “Company”) (NASDAQ:COSM), a diversified, vertically integrated global healthcare group, today announced that its U.S. direct-to-consumer subscription business reached $1,832,785 in monthly subscription value as of October 31, 2026, equivalent to approximately $22.0 million on an annualized basis. In October 2026, the Company’s U.S. e-commerce business recorded total sales of $1,673,004, of which $1,015,231 was attributable to subscriptions.

October 2026 Key Metrics

MetricOctober 2026Details
Monthly subscription value (as of October 31)$1,832,785Approximately $22.0 million annualized
Active subscriptions (as of October 31)12,532Net growth of 11,544 during October
Product units in active subscriptions29,507Approximately 2.4 per subscription
Total sales$1,673,004Including $1,015,231 attributable to subscriptions
OrdersApproximately 19,100From approximately 234,500 store sessions
Conversion rate7.72%Share of store sessions resulting in an order

Building a Recurring Revenue Base

Cosmos Health launched its U.S. subscription model in mid-July 2026 and began scaling it in mid-September. The Company’s products are sold through its own online stores directly to customers, who can choose a subscription for recurring delivery at checkout. Active subscriptions renew on a recurring basis, so every new subscriber can represent an ongoing customer relationship rather than a single sale.

Outlook for the Fourth Quarter

The Company has allocated an increased marketing budget to continue scaling its U.S. direct-to-consumer sales through the fourth quarter of 2026, including the holiday shopping season. Cosmos Health plans to expand digital customer acquisition, grow its subscription base and introduce additional products from its portfolio to its U.S. online stores. Momentum has continued into November, with U.S. e-commerce sales continuing to grow significantly.

Greg Siokas, CEO of Cosmos Health, stated: “Since we began scaling our U.S. subscription platform in mid-September, we have built a subscription business with $1.83 million in monthly subscription value, or approximately $22 million on an annualized basis. As of October 31, more than 12,500 subscriptions were active, with an average of approximately 2.4 products per subscription.

“We believe recurring revenue is among the most valuable revenue a consumer health company can build, and we plan to continue scaling our U.S. direct-to-consumer business through the fourth quarter and beyond.”

About Cosmos Health Inc.

Cosmos Health Inc. (NASDAQ:COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe®, C-Sept® and C-Scrub®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency (EMA), it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&D partnerships targeting major health disorders such as obesity, diabetes, and cancer, enhanced by artificial intelligence drug repurposing technologies, and focuses on the R&D of novel patented nutraceuticals, specialized root extracts, proprietary complex generics, and innovative OTC products. Cosmos Health has also entered the telehealth space through the acquisition of ZipDoctor, Inc., based in Texas, USA. With a global distribution platform, the Company is currently expanding throughout Europe, Asia, and North America, and has offices and distribution centers in Thessaloniki and Athens, Greece, and in Harlow, UK. More information is available at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, www.zipdoctor.co, www.cloudscreen.gr, as well as LinkedIn and X.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could,” generally identify forward-looking statements, although not all forward-looking statements contain these words. These statements involve risks and uncertainties that may individually or materially affect the matters discussed herein for a variety of reasons outside the Company’s control, including, but not limited to: the Company’s ability to raise sufficient financing to implement its business plan; the effectiveness of its digital asset strategies, including accumulation and yield-generating activities; the impact of the war in Ukraine and ongoing conflicts in the Middle East and other regions on the Company’s business, operations, and the economy in general; the Company’s ability to successfully develop and commercialize its proprietary products and technologies; the timing, execution, regulatory clearance, valuation, structuring, and completion of any potential asset-backed or tokenized financing program; the legal, regulatory, and technological risks associated with digital assets and blockchain-based financial structures; the conversion of contract manufacturing pipeline volumes into production and revenue, including the timing, volume and terms of orders placed under multi-year agreements; the realization of anticipated gross margins; the timing, cost and completion of planned capital investments; changes in interest rates; changes in foreign currency exchange rates, commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges and of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; guidance for fiscal 2026 and beyond and financial outlook. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described from time to time in our periodic reports filed with the SEC and available at the SEC’s website (www.sec.gov). There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.

Note: All figures are preliminary, unaudited operating data from the Company’s e-commerce and subscription platforms and may differ from amounts in its financial statements. Total sales include taxes and shipping, net of discounts, returns and fees. Monthly subscription value is the amount billable on active subscriptions in a month at standard renewal pricing as of October 31, 2026; the annualized figure is that value multiplied by twelve and is not a forecast. Subscription metrics are subject to cancellations and churn, and none of these metrics represent U.S. GAAP revenue. November statements reflect preliminary data; actual results may differ materially.

Investor Relations Contact:

BDG Communications
[email protected]

SOURCE: Cosmos Health Inc.

View the original press release on ACCESS Newswire

Release – Cosmos Health’s CosmoFarm Begins Commissioning New Automated Order-Processing and Vehicle-Loading Infrastructure, Advancing Capacity That Could Support Over $120 Million in Annual Revenue

Cosmos Health logo

Research News and Market Data on COSM

New order-processing line: automated handling cell and roller conveyor now being commissioned at CosmoFarm’s distribution center in Peristeri, Athens, designed to move more orders through the facility in less time

New vehicle-loading lanes: multiple rows of roller flow lanes designed to significantly reduce the time needed to load each delivery vehicle

Earlier dispatch: faster processing and loading are expected to get vehicles on the road sooner, supporting earlier pharmacy deliveries and capacity for additional routes

Acquisition pipeline: CosmoFarm has an active letter of intent to acquire a network with approximately €10 million (approximately $11.3 million) in annual gross revenue, which, if completed, would be its largest acquisition to date

Ongoing automation program: the new infrastructure is part of CosmoFarm’s multi-year program in robotics, automation and artificial intelligence

CHICAGO, IL / ACCESS Newswire / November 5, 2026 / Cosmos Health Inc. (“Cosmos Health” or the “Company”) (NASDAQ:COSM),a diversified, vertically integrated global healthcare group, today announced that its wholly owned pharmaceutical distribution subsidiary, CosmoFarm S.A. (“CosmoFarm”), is commissioning new automated order-processing and vehicle-loading infrastructure at its distribution center in Peristeri, western Athens, designed to move pharmacy orders through the facility and onto delivery vehicles faster.

Faster from Order to Dispatch

The new order-processing line consists of an automated handling cell fed by a roller conveyor, designed to automate the handling of orders ahead of dispatch. Engineers are currently configuring and testing the equipment on site.

Alongside the new line, CosmoFarm has installed multiple rows of inclined roller flow lanes to speed the movement of completed orders onto delivery vehicles. Together, the two installations are designed to significantly reduce processing and loading times, allowing vehicles to depart earlier. The Company expects to report operational results once the new infrastructure is fully up and running.

Automation at CosmoFarm’s distribution center in Peristeri, Athens

Building on a Record of Growth

The investment builds on strong growth at CosmoFarm, which reached a previously disclosed annualized revenue run-rate of over $60 million based on second-quarter 2026 revenue, with this momentum continuing into the third quarter. That is more than four times its revenue before Cosmos Health acquired the business. It serves approximately 360 pharmacies daily within a network of more than 1,500, and faster processing and loading are expected to allow it to add more pharmacies to established routes at limited incremental cost.

With its ongoing investments in robotics, automation and artificial intelligence, including the new processing and loading infrastructure, the Company believes the CosmoFarm platform could support over $120 million in annual revenue.

Capacity for Consolidation

The added capacity also supports CosmoFarm’s consolidation strategy in Greece’s fragmented pharmaceutical wholesale market. Since 2019, CosmoFarm has completed multiple bolt-on acquisitions of regional distribution networks, integrating their customers onto its automated platform, and the expanded infrastructure positions it to absorb further acquired volume.

A further network acquisition remains at the letter of intent stage. The target network generates approximately €10 million (approximately $11.3 million) in annual gross revenue and is owned by an established pharmaceutical company that has served the Greek market for almost 40 years. If completed, it would be CosmoFarm’s largest acquisition to date. The transaction is subject to a definitive agreement and customary closing conditions, and there can be no assurance that it will be completed.

CEO Commentary

Greg Siokas, CEO of Cosmos Health, stated: “CosmoFarm has grown more than four times under our ownership, and speed is what wins and keeps pharmacies in our market. This investment is designed to process orders faster and get our vehicles on the road sooner, which should mean better service for our customers and more capacity on every route.

“We expect it to help us keep adding pharmacies, organically and through acquisitions, without adding proportional cost, and the letter of intent we signed this year would, if completed, be our largest acquisition yet. It is the next step in building CosmoFarm into a platform that could support over $120 million in annual revenue.”

CosmoFarm | A Cosmos Health Company

About Cosmos Health Inc.

Cosmos Health Inc. (NASDAQ: COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe®, C-Sept® and C-Scrub®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency (EMA), it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&D partnerships targeting major health disorders such as obesity, diabetes, and cancer, enhanced by artificial intelligence drug repurposing technologies, and focuses on the R&D of novel patented nutraceuticals, specialized root extracts, proprietary complex generics, and innovative OTC products. Cosmos Health has also entered the telehealth space through the acquisition of ZipDoctor, Inc., based in Texas, USA. With a global distribution platform, the Company is currently expanding throughout Europe, Asia, and North America, and has offices and distribution centers in Thessaloniki and Athens, Greece, and in Harlow, UK. More information is available at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, www.zipdoctor.co, www.cloudscreen.gr, as well as LinkedIn and X.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could,” generally identify forward-looking statements, although not all forward-looking statements contain these words. These statements involve risks and uncertainties that may individually or materially affect the matters discussed herein for a variety of reasons outside the Company’s control, including, but not limited to: the Company’s ability to raise sufficient financing to implement its business plan; the effectiveness of its digital asset strategies, including accumulation and yield-generating activities; the impact of the war in Ukraine and ongoing conflicts in the Middle East and other regions on the Company’s business, operations, and the economy in general; the Company’s ability to successfully develop and commercialize its proprietary products and technologies; the timing, execution, regulatory clearance, valuation, structuring, and completion of any potential asset-backed or tokenized financing program; the legal, regulatory, and technological risks associated with digital assets and blockchain-based financial structures; the conversion of contract manufacturing pipeline volumes into production and revenue, including the timing, volume and terms of orders placed under multi-year agreements; the realization of anticipated gross margins; the timing, cost and completion of planned capital investments; changes in interest rates; changes in foreign currency exchange rates, commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges and of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; guidance for fiscal 2026 and beyond and financial outlook. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described from time to time in our periodic reports filed with the SEC and available at the SEC’s website (www.sec.gov). There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.

Investor Relations Contact:

BDG Communications
[email protected]

Note: CosmoFarm figures are based on management data, are preliminary and unaudited, and may differ from amounts in the Company’s financial statements. The annualized run-rate is calculated from second-quarter 2026 revenue, takes into account third-quarter 2026 results, and is not a forecast. U.S. dollar figures reflect euro/U.S. dollar exchange rate changes. Expected improvements and revenue capacity are management estimates based on current expectations; actual results may differ materially.

SOURCE: Cosmos Health Inc.

View the original press release on ACCESS Newswire

Release – Cosmos Health’s Amazon UK Business Surpasses $2 Million in TTM Sales, Up 90%, with a 23% Net Profit Margin; Expects Sales to Grow Approximately 72% to $3.9 Million Over the Next Twelve Months

Cosmos Health logo

Research News and Market Data on COSM

Amazon UK sales up 90%: $2.27 million in TTM sales for the twelve months to November 2, 2026, up from approximately $1.19 million in the prior twelve months23% net margin on Amazon UK: the Amazon UK channel generated $525,000 in net profit after all direct channel costs, including Amazon fees, cost of goods, shipping, advertising and VAT116,978 units sold on Amazon UK: an average of approximately 320 units per dayRecord performance: July through October 2026 were the four strongest months to date on Amazon UK, each with sales above $215,000Efficient growth: advertising costs of only 2.4% of Amazon UK sales, with refunds below 1%72% growth expected: the Company expects Amazon UK sales of approximately $3.9 million over the next twelve months, an average of approximately $325,000 per month

CHICAGO, IL / ACCESS Newswire / November 4, 2026 / Cosmos Health Inc. (“Cosmos Health” or the “Company”) (NASDAQ:COSM), a diversified, vertically integrated global healthcare group, today provided an update on its Amazon UK business, reporting strong sales growth and profitability for the trailing twelve months (“TTM”) from November 1, 2025 to November 2, 2026.

Amazon UK Performance

Over the trailing twelve months, Amazon UK sales reached £1.71 million, or approximately $2.27 million, representing an increase of 90% compared with approximately $1.19 million in the prior twelve-month period. During the same period, the Company sold 116,978 units to customers in the United Kingdom, an average of approximately 320 units per day.

This growth built steadily throughout the year. Monthly sales rose from approximately $144,000 in November 2025 to more than $215,000 in each of the last four months, July through October 2026, the four strongest months in the Company’s history on Amazon UK.

Efficient and Profitable Growth

Importantly, this growth has been achieved efficiently. Advertising costs represented only 2.4% of TTM sales, while refunds remained below 1% of sales. After all direct channel costs, including Amazon fees, cost of goods, shipping, advertising and VAT, Amazon UK generated net profit of approximately £395,000, or approximately $525,000, representing a net margin of approximately 23%. The Company believes these results reflect healthy underlying demand for its products, as well as an efficient and scalable sales channel.

Supporting the Transition to a High-Margin Business Model

Amazon UK has become an integral part of Cosmos Health’s transition to a high-margin business model. The Company believes the channel’s performance demonstrates the level of profitability that its proprietary brands can achieve when sold through efficient online channels.

Outlook

Building on this momentum, the Company expects Amazon UK sales over the next twelve months to grow by approximately 72% compared with the TTM period, to approximately $3.9 million, or an average of approximately $325,000 per month. The outlook is based on the Company’s current sales trends and planned growth initiatives on the platform.

CEO Commentary

Greg Siokas, CEO of Cosmos Health, stated: “Amazon UK is now a multi-million-dollar business for us. Over the past twelve months, sales grew 90% to $2.27 million, and the last four months were our strongest ever on the platform.

“Just as important is the quality of that growth. Advertising was only 2.4% of sales, refunds stayed below 1%, and we generated $525,000 in net profit, representing a net margin of approximately 23%. This is the kind of efficient, profitable growth that supports our transition to a high-margin business model.

“Amazon UK is an integral part of our UK business. Looking ahead, we expect sales on the platform to grow by approximately 72% over the next twelve months, to around $3.9 million. We look forward to providing a broader update on our UK operations in due course.”

About Cosmos Health Inc.

Cosmos Health Inc. (NASDAQ: COSM), incorporated in 2009 in Nevada, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary pharmaceutical and nutraceutical brands, including Sky Premium Life®, Mediterranation®, bio-bebe®, C-Sept® and C-Scrub®. Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency (EMA), it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&D partnerships targeting major health disorders such as obesity, diabetes, and cancer, enhanced by artificial intelligence drug repurposing technologies, and focuses on the R&D of novel patented nutraceuticals, specialized root extracts, proprietary complex generics, and innovative OTC products. Cosmos Health has also entered the telehealth space through the acquisition of ZipDoctor, Inc., based in Texas, USA. With a global distribution platform, the Company is currently expanding throughout Europe, Asia, and North America, and has offices and distribution centers in Thessaloniki and Athens, Greece, and in Harlow, UK. More information is available at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, www.zipdoctor.co, www.cloudscreen.gr, as well as LinkedIn and X.

Forward-Looking Statements

With the exception of the historical information contained in this news release, the matters described herein may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans,” and similar expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could,” generally identify forward-looking statements, although not all forward-looking statements contain these words. These statements involve risks and uncertainties that may individually or materially affect the matters discussed herein for a variety of reasons outside the Company’s control, including, but not limited to: the Company’s ability to raise sufficient financing to implement its business plan; the effectiveness of its digital asset strategies, including accumulation and yield-generating activities; the impact of the war in Ukraine and ongoing conflicts in the Middle East and other regions on the Company’s business, operations, and the economy in general; the Company’s ability to successfully develop and commercialize its proprietary products and technologies; the timing, execution, regulatory clearance, valuation, structuring, and completion of any potential asset-backed or tokenized financing program; the legal, regulatory, and technological risks associated with digital assets and blockchain-based financial structures; the conversion of contract manufacturing pipeline volumes into production and revenue, including the timing, volume and terms of orders placed under multi-year agreements; the realization of anticipated gross margins; the timing, cost and completion of planned capital investments; changes in interest rates; changes in foreign currency exchange rates, commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges and of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; guidance for fiscal 2026 and beyond and financial outlook. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described from time to time in our periodic reports filed with the SEC and available at the SEC’s website (www.sec.gov). There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.

Investor Relations Contact:

BDG Communications
[email protected]

Note: Sales, unit and profit figures are based on the Company’s Amazon UK seller platform data. They are unaudited and may differ from amounts in the Company’s financial statements. Net profit and net margin are channel-level operating metrics, calculated after all direct channel costs and before corporate overheads; they are not U.S. GAAP measures. U.S. dollar figures have been converted from British pounds sterling at the exchange rate as of the date of this release. The sales outlook is a forward-looking statement based on management’s current expectations and assumptions; actual results may differ materially.

SOURCE: Cosmos Health Inc.

Cosmos Health (COSM) – Building a Higher-Margin Healthcare Platform


Monday, October 26, 2026

Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.

Richard Magnusen, Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Initiating coverage with an Outperform rating. We believe Cosmos Health is positioned for a meaningful improvement in profitability as its revenue mix shifts toward higher-margin proprietary healthcare products and pharmaceutical manufacturing. The company’s established wholesale distribution business provides a revenue base, while its expanding U.S. direct-to-consumer operations could become an increasingly important driver of earnings growth.

U.S. direct-to-consumer sales are gaining momentum. Management expects approximately $15 million in fourth-quarter 2026 U.S. e-commerce revenue and $10.5 million in gross profit, reflecting the rapid expansion of its proprietary nutraceutical business. Active U.S. subscriptions reached 8,940 as of October 19, although customer retention and marketing efficiency remain important considerations as the business scales.


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