- Ambari Brands (AMB) has signed a distribution agreement with FabFitFun
- FabFitFun will distribute Ambari products to its users
- FabFitFun is one of the largest subscription boxes in the USA
- FabFitFun delivers on a seasonal basis subscription boxes containing makeup, skincare, fashion, wellness, home decor, and more
- Ambari is a consumer-packaged goods company focusing on developing consumer products, co-packing and manufacturing
- Ambari Brands Inc. (AMB) opened trading at C$0.37 per share
Ambari Brands (AMB) has signed a distribution agreement with FabFitFun.
Under the agreement, FabFitFun will distribute Ambari products to its users.
FabFitFun is one of the largest subscription boxes in the USA. It delivers on a seasonal basis subscription boxes containing makeup, skincare, fashion, wellness, home decor, and more. FabFitFun has over one million subscribers and generated revenues of approximately US$600M in 2021 from its subscription boxes.
Nisha Grewal, CEO of Ambari, commented on the news.
“We are very excited to have signed a formal agreement with FabFitFun. It is one of America’s most prominent subscription box companies, with over one million subscribers and growing. This allows Ambari to be introduced to an extensive amount of people, who will, we hope, eventually convert into long-term users of our premium products.”
Ambari is a consumer-packaged goods company focusing on developing consumer products, co-packing and manufacturing. It currently produces CBD-infused skin care products.
The company sells its products directly through its own e-commerce platform and through select retailers, both online and in brick-and-mortar locations.
Ambari Brands Inc. (AMB) opened trading at C$0.37 per share.