CBD company Zilis announced its acquisition of Zrii LLC, a nutrition, skincare and personal care products company. Zilis will now inherit Zrii’s presence throughout Latin America and will have a new headquarters in Bogota, Colombia.
CBD sales in Latin America are projected to see exponential growth in the coming years.
“Zrii has made a significant investment in building a robust infrastructure throughout Latin America,” says Steven Thompson, CEO and Founder of Zilis. “By adding the Zrii platform to Zilis, we will collapse the timeframes normally required for this type of aggressive expansion by multiple years, thereby providing our Independent Ambassadors the opportunity to develop their organizations throughout the region. We’re extremely enthusiastic about the possibilities this acquisition presents, and I am excited to welcome the entire Zrii organization to the Zilis family.”
With this acquisition, Zilis now has operations in Colombia, Costa Rica, Ecuador, Guatemala, Mexico, Panama and Peru. This instant expansion is in addition to the company’s recent launch into the European market.
“I have called Steven Thompson a dear friend for many years,” says Zrii Founder William Farley. “He and I have a long business relationship spanning over ten years. He is a visionary who has accomplished great things in the direct sales industry, both in the field and corporate side of the industry fence. I have no doubt that under Steven’s leadership a great opportunity will be available for the Zrii team in Latin America, Europe, and the United States.”