Canadian Manufacturing

Way of Will announces completion of facility expansion

Approximately 95% of Way of Will's products are developed and manufactured in its Toronto facility, which is then distributed to wholesalers and retail companies across Canada and the U.S.

February 18, 2021  by CM Staff

TORONTO — New Wave Holdings Corp., an investment issuer that provides capital and support services, announces that the expansion of Way of Will’s Toronto, ON facility in anticipation of sales growth is now complete.

Way of Will Inc., a health and wellness company based in Toronto, Canada, has just completed the expansion of its production facility from 8,000 sq ft to 20,000 sq ft. In addition to the extra space, the facility upgrades also included the installation of additional manufacturing equipment as well as a designated packing area. With the added space and equipment, Way of Will is able to improve workflow and production capacity to meet growing demand while increasing profit margins at the same time.

Approximately 95% of Way of Will’s products are developed and manufactured in its Toronto facility, which is then distributed to wholesalers and retail companies across Canada and the U.S. The company has seen steady positive sales growth of 30% or higher over the past few years, and is forecasting a 200-300% sales growth in light of its recent merge with New Wave Holdings Corp. The facility expansion will accommodate the anticipated increase in production demands as Way of Will continues to increase its brand in both the Canadian and U.S. markets.

“This recent expansion has been a part of our business growth plan for the past year,” said Willie Tsang, CEO and founder of Way of Will. “We’ve got a lot of exciting things in the works and our upgraded facility will help ensure that our operation continues to run smoothly while we continue to grow and evolve.”

Advertisment

Print this page

Related Stories