Elev8 Brands, Inc. Acquires Blessed Bean
Coffee, LLC
The
Company adds new
distributor
ORLANDO, FL --
January 24, 2019 -- InvestorsHub NewsWire -- Elev8 Brands, Inc.
(OTCQB:
VATE), a holding company (the "Company") focused on the
commercial development of hemp and CBD-based products, is pleased
to announce it has acquired Blessed Bean
Coffee, LLC.
Elev8 Brands,
Inc. continues
to
execute on opportunities for potential
growth.
The
Company is now able
to
control the means of production from start to finish.
Elev8
Hemp, LLC ("Hemp"), a
wholly-owned subsidiary of the Company, has seen tremendous
growth over the last twelve months and
should
continue
to do so throughout 2019.
The
Company has
acquired
Blessed
Bean Coffee, LLC for 3,541,228
restricted
common
shares of Elev8
Brands, Inc. With the growing demand for Elev8 Hemp Coffee,
the Company plans to
purchase a larger roaster and other miscellaneous equipment to
increase productivity and continue
increasing
the
volume.
Blessed Bean Coffee,
LLC("Bean")
is a
private label roaster based out of Longwood, FL that was founded in
2005. Bean
has been
working closely with Hemp since the end of
2017. Robie Leavitt, CEO of
Blessed Bean Coffee, LLC, sold his dairy farm in Maine and moved to
FL to pursue his passion to
produce
fresh
cups of coffee.
Leavitt stated, "This
is a great move for both
companies. Ryan and I
have had a
great
working
relationship for over a year now and this should be
a step in
the right direction."
CEO of
the
Company, Ryan Medico,
stated, "We hope
this is going to be
an amazing
year.
We
have been working
diligently on expanding distribution, creating
opportunities to expand sales and
streamline
manufacturing. This
acquisition creates potential to
do all of these things and ensure
that
production can keep
up with our expansion, cutting costs and
significantly increasing the bottom line."
Elev8 Brands, Inc. is
pleased to announce its newest distributor, Synergy
Distributors
("Synergy").
Based out
of Milwaukee, Synergy has its goals set on being the premier
distributor of hemp and CBD products in Southeastern
Wisconsin.
Medico concluded,
"Working with Synergy
has been
great. They have placed their first couple of orders already
and
have a lot of interest in
our new CBD Infused Ready to Drink Iced Tea and Iced Coffee. We
hope to grow and expand with them greatly over this next
year. This new
distributor keeps us on track to hit our goal in 2019 of adding
over 20 distributors. We have meetings with
new distributors set
and
expect to have expansion to report on
over the
next few weeks."
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 based on
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 and hemp tea.
About 02 Breathe
LLC:
02 Breathe is a
wholly-owned subsidiary of Elev8 Brands, Inc. which focuses on
their oxygen bar while bringing in an array of CBD products. O2
Breathe carries CBD tinctures, CBD vape, CBD lotions and massage
products. 02 Breathe is currently looking to offer CBD at their
oxygen bar.
About Zoe CBD
LLC:
Zoe CBD is a
wholly-owned subsidiary of Elev8 Brands, Inc. which focuses on the
development and marketing of CBD-based products such as CBD
Tinctures, CBD E-Juice, CBD Lotion and CBD Salve.
Please visit,
http://www.zoecbd.com
for more
information
www.facebook.com/elev8hemp
www.instagram.com/elev8hemp
www.twitter.com/elev8hemp
www.02breathe.com
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 statements involve risks and uncertainties that
could cause actual 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.