Elev8 Brands, Inc.'s Hemp Coffees and Teas Surpass 93% Growth In Brick and Mortar Sales
July 24 2019 - 12:00PM
InvestorsHub NewsWire
Elev8 Brands, Inc.’s Hemp
Coffees and Teas Surpass 93% Growth In Brick and Mortar
Sales
Company Signs Three New
Distributors and Lists Discount Code on
Groupon
ORLANDO, FL -- July 24, 2019 --
InvestorsHub NewsWire -- Elev8 Brands, Inc. (OTCQB:
VATE), a holding company focused on commercial development of
hemp and cannabinoid-infused beverages along with an array of CBD
topicals and tinctures, announces over 93% growth in brick and
mortar sales with its hemp coffees and teas as well as new
distribution partnerships with OneLove Distributing, LLC, Legacy
Distribution, and Sunshine State Distributing.
Elev8 Hemp is reporting that its new
ready-to drink beverages have brought in over $64,000 in revenue in
the first 45 days. This incredible growth will only be enhanced by
a new Groupon offer, which launched on
Monday, July 22, 2019. Groupon is a popular platform for online
retailers that offer limited-time discounts to users, resulting in
not only increased revenue but also brand recognition and
availability outside of brick and
mortar locations.
The Company’s unprecedented growth
means greater earning potential for Elev8 Hemp’s entire line of
products, including its newest product Pumpkin Spiced Hemp Coffee
that will be launching in August. Poised to sell big during the
upcoming fall and winter seasons, the Pumpkin Spiced Hemp Coffee is
just the newest flavor in a full line of flavored coffees from
Elev8 Hemp.
Elev8 Hemp is proud to call central
Florida home and even prouder to be signing contracts with local,
homegrown distribution companies that share similar values.
Sunshine State Distributing has headquarters in Orlando, Florida
and prides itself on bringing new, burgeoning craft beer, spirits,
and CBD brands to the greater Orlando area through a combination of
education, individualized promotions,
and innovation.
“We’re very excited to announce our
partnership with Elev8 Hemp’s brands in Central Florida. The
signing of the 2018 Farm Bill into law, and the legalization of
hemp products in Florida, is an enormous step forward for the hemp
industry,” said Chris Larue, President and founder of Sunshine
State Distributing. “It’s gaining momentum in the health and
wellness world, and we’re positioning ourselves to be at the
forefront of the CBD movement in the state. With Elev8 being a
Central FL-based brand, this falls in line with our vision of
partnering with the best local brands
in Florida.”
Sunshine State Distributing delivers
to retailers in Central Florida. Their accounts reach out along the
Interstate-4 corridor connecting coast to coast from Daytona Beach
to Tampa, running straight through Orlando.
“This is a great addition for Elev8
Hemp. Sunshine State has the ability to help us expand quickly as
they have a strong, established network here in Central Florida,”
said Ryan Medico, CEO of Elev8 Hemp, Inc. “We have an additional
distributor here in FL that we connected with Sunshine State to
order directly through them. This is helping streamline our process
and create a strong working relationship.”
Elev8 Hemp has also entered into
distribution partnerships with OneLove Distributing—serving
Oklahoma, notably Oklahoma City and Tulsa—and the Indiana-based
Legacy Distribution. Legacy’s purview includes populous cities like
Indianapolis, La Porte, Gary, and Carbondale. These three new
distributors brings Elev8 Hemp to a total of 16 distributors
through 12 states.
Medico concluded, “Pumpkin Spiced
hemp coffee is my new favorite coffee. The flavor profile is
absolutely perfect. In addition to this new flavor, we will soon be
announcing our new flavors of CBD-Infused Iced Tea as well as our
updated formula for our CBD-Infused Iced Coffee. We have spent time
redesigning the CBD Tea label to more closely reflect our brand. We
are in the process of updating our logo as well. Once these are
finalized, we will immediately send to production and announce our
new flavors. We are very excited for
this release.”
Any parties interested in sampling
Elev8’s CBD-Infused ready-to-drink coffee and tea or ordering the
new Pumpkin Spiced Hemp Coffee can order on Elev8
Hemp’s website.
About Elev8 Hemp,
Inc.
Elev8 Hemp’s mission is simple:
craft the highest-quality, organic hemp products for consumers in
search of a healthier, happier lifestyle. Everyone needs to get the
proper amount of healthy proteins to keep them feeling better and
more energetic. We source only the best organic hemp protein
powders—naturally full of
powerhouse amino acids and Omegas-3, 6, and 9—so we can infuse your daily coffee and tea
with an abundance of minerals, vitamins, antioxidants, and
fiber.
Mother Nature creates this pure hemp
with a rare, perfect balance for optimal nutrition and exceptional
taste. Elev8 Hemp takes these raw, natural products and transforms
them into delicious CBD-infused beverages that will become your new
favorite daily drink. CBD-infused coffees and teas are our
specialty, and we take our mission very seriously. Let us do what
we do best and let achieving a healthier lifestyle be as simple as
remembering your morning cup.
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 the 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.
www.elev8hemp.com
(407) 377-6693
ir@elev8hemp.com