Elev8 Brands, Inc. Places Order for New Brand of Hemp-Derived E-Juice, Tinctures and Water-Soluble CBD Products
April 12 2017 - 08:00AM
InvestorsHub NewsWire
Elev8 Brands, Inc. Places Order for New Brand of Hemp-Derived
E-Juice, Tinctures and Water-Soluble CBD Products
Company to market newly developed products for
the medicinal vape and CBD markets.
ROCKLEDGE, FL -- April 12th, 2017 -- InvestorsHub
NewsWire -- Elev8 Brands, Inc. (OTC
Pink: VATE) Elev8 Brands, Inc. a holding company focused on the
commercial development of hemp and CBD-based products within the
health and wellness markets announces the launch of a new line of
hemp-derived E-juices, CBD-based tinctures, and water-soluble
CBD.
The innovative new products have been ordered and
expected to be delivered and ready to sell by the end of the
month. Elev8 Brands, Inc. is launching these products in
select test markets in the Midwest, as well as through its
wholly-owned subsidiary 02 Breathe which is an oxygen bar that also
markets massage products, CBD-rich oils and
lotions.
Elev8 Brands, Inc. addition to its growing
portfolio of products is intended to participate in the blossoming
CBD market. The CBD consumables market is forecasted to grow
exponentially over the coming years. The Hemp Business
Journal (https://www.hempbizjournal.com) estimated
that the CBD market will grow to a $2.1 billion market in consumer
sales by 2020 with $450 million of those sales coming from
hemp-based sources. That's a 700% increase from 2016. In 2015, the
market for consumer sales of hemp-derived CBD products was $90
million, plus another $112 million in marijuana-derived CBD
products which were sold through dispensaries – bringing a total
CBD market to $202 million last year, forbes.com.
Chief Executive Officer Ryan Medico stated, “We
are excited to launch these revolutionary products that address
demand in an industry segment that is growing exponentially.
Our team spent a significant amount of time vetting and testing the
products we believe are a game changer for the
industry.”
Elev8 Brands, Inc. will launch a variety of
E-Juices that are CBD rich and available in a variety of flavors
including Peach, Mango, Mint, Unicorn Punch and Watermelon.
These high-quality products will target brick and mortar vape
shops, wholesalers, and distributors. Medico continued, “We
are having initial success marketing Elev8 Hemp Coffee to the
retail vape scene and have received inquiries for CBD
products. With demand high we felt this was a great
opportunity to expand our products, brand, and
presence.”
The Company also announces the unveiling of the
highest concentrated water soluble CBD ingredient available on the
market today. This water-soluble CBD is THC-free and can be
used in beverages such as coffee, tea, and water. Elev8
Brands, Inc. plans to run samples tests of this CBD in current
coffee and tea products under development. Additionally, the
company is in discussions with an organic juice manufacturer to
provide the water-soluble CBD in bulk.
Medico concluded, “We are aggressively pursuing
innovative products in the hemp and hemp-derived CBD arena and are
thrilled to add these products to our lineup. As we complete
test markets and identify successful products our plan is to expand
nationally with the products where concepts are proven and ready
for commercial scale-ip and national
distribution.”
Hemp-derived Cannabidiol (CBD) being used for
these products is the part of the cannabis plant that is typically
used for health and medicinal purposes versus recreational use. The
CBD products Elev8 is launching are derived from industrial hemp
plants.
About Elev8 Brands, Inc.:
Elev8 Brands, Inc. specializes in the development
and marketing of products for the fitness and wellness
markets. The company is founded on the basis of creating
high-quality, sustainable, products for health conscious
consumers.
About Elev8 Hemp LLC:
Elev8 Hemp LLC is a wholly-owned subsidiary of
Elev8 Brands, Inc. which focuses on the development and marketing
of hemp-based food, beverage, and health care products including
hemp coffee, hemp water, and hemp-based skin care
products.
Please visit,www.elev8hemp.com for
more information
Safe Harbor Statement:
The information posted in this release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. You can identify
these statements by use of the words "may," "will," "should,"
"plans," "expects," "anticipates," "continue," "estimate,"
"project," "intend," and similar expressions. Forward-looking
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results to differ materially from those projected or anticipated.
These risks and uncertainties include, but are not limited to,
general economic and business conditions, effects of continued
geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, delays in completing various
engineering and manufacturing programs, changes in customer order
patterns, changes in product mix, continued success in
technological advances and delivering technological innovations,
shortages in components, production delays due to performance
quality issues with outsourced components, and various other
factors beyond the Company's control.