Company: Natural Cure Labs, St. Petersburg, FL
Company Description: Natural Cure Labs is a certified minority-owned dietary supplement manufacturer. With a portfolio of immune support focused products, Natural Cure Labs offers an award-winning, science-based approach to natural health. Natural Cure Labs has operations in New York, California, and Florida with a nation-wide distribution network in 33 states and coverage in most major online marketplaces.
Nomination Category: Management Categories
Nomination Sub Category: Achievement in Management - Health Products & Services
 Nomination Title: +150% Revenue Growth and +170% Unit Sales Growth Year-Over-Year
- Which will you provide for your nomination in this category, an essay of up to 650 words describing the achievements of the nominated management team, group, or individual since January 1 2021, OR a video of up to five (5) minutes in length describing the same? CHOOSE ONE:
An essay of up to 650 words
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video:
- If you are providing an essay of up to 650 words, place it in this space:
Total 317 words used.
Nominee:
Damon Sununtnasuk - founder and CEO of Natural Cure Labs LLC.
Organization:
Natural Cure Labs LLC is a certified minority-owned dietary supplement business established in 2015 with the mission to bring quality, transparency, and compliance to the world of natural products. The company is based in Florida, with operations in New York, New Jersey, Colorado, and California.
History:
Lacking access to affordable medicine or insurance, the founder of Natural Cure Labs sought to provide a naturopathic solution to personal health which was economically accessible, effective, and safe. The company is committed to providing natural products to the 28.9 million Americans without health insurance, and the 58 million adults who suffer from "medication insecurity".
Performance:
Driven by an obsession with quality, the company has an enviable record of success, including:
- +150% revenue growth and +170% unit sales growth year-over-year since inception
- +20,000 net-new annual customers
- +1,300 monthly product subscriptions
- Expansion to 33 new US-based warehouses
- Addition of 9 new naturally derived products
- Channel diversification to +16 marketplaces including Walmart, Amazon, Wish, Overstock, and others
- Significant industry recognition, including “Company of the Year - Health Products & Services” - 2020 Gold Stevie American Business Awards, "Company of the Year - Health Products & Services " Gold Stevie 2021 American Business Awards, "10 Best CEO's Which Everyone Should Know in 2021" by Global Business Leaders Magazine
Notable 2022 accomplishments:
- Launched new marketplaces including Kroger (national grocer in USA), Walmart, Faire, Wellness Global, and others
- Rebranded the company to "Palmara Health" including USPTO registration and complete digital overhaul
- Brokered the expansion of product line to United Kingdom and India via distribution and reseller partnership
- Won numerous industry, segment, and professional awards and recognition
- Became a member EO (The Entrepreneur’s Organization) - an exclusive organization for CEOs of entrepreneurial businesses
- Invited to speak on over 20 interviews, podcasts, and other public speaking events for the industry and company
- In bullet-list form, provide a brief summary of up to ten (10) of the chief accomplishments of the nominee(s) since January 1 2021. This is required whether you are submitting a video or an essay:
The nominee (Founder and CEO) has received significant recognition in the last year:
- "The 10 Most Innovative CEOs in 2022” The Inc Magazine
- “Market Movers: The 10 Admired Business Leaders to Watch, 2022” Aspioneer Magazine
- "10 Most Influential CEOs in 2022” CXO Outlook Magazine
- “Achievement in Management - Health Products & Services” 2022 Silver Stevie Award, American Business Awards
- "Best Natural Products Manufacturer – USA" - Global 100
- "Best Health & Wellness Nutrition Manufacturer - USA" Corporate America Today – Annual Awards – 2022.
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