Elev8 Brands Inc. Introduces New CBD Whole Bean Coffee And Single Serve Hemp Coffee
September 17 2019 - 8:30AM
InvestorsHub NewsWire
Elev8 Brands Inc.
Introduces New CBD Whole Bean Coffee And Single Serve Hemp
Coffee
Projected Fourth Quarter
Revenues Over $400,000
ORLANDO, FL -- September 17, 2019 --
InvestorsHub NewsWire -- Elev8 Brands, Inc. (OTCQB:
VATE), a holding company focused on the commercial development
of hemp and cannabinoid-infused beverages along with an array of
CBD topicals and tinctures, announces a new hemp infused single
serve coffee as well as advancement into CBD whole bean
coffee.
Elev8 Hemp, LLC is eager to expand
its coffee presence into the single serve market. The Company has
received many requests over the past year and is very pleased to be
rolling out these new products. The roll out will being in October
with its House Blend and Pumpkin Spice hemp coffees. The remaining
flavors will be introduced in the middle of the fourth
quarter.
According to Statista, recent figures show single-serving
coffee brewing machines such as Keurig were the second most popular
brewing system after the standard drip coffee makers. These figures
report 26 percent of American coffee drinkers using
single serve machines in 2018.
Ryan Medico, CEO of Elev8 Brands,
Inc., stated, “This was always our plan to expand into the single
serve market. As exciting as this is, we are also very pleased to
be creating a CBD infused whole bean coffee. We plan to enter as
many areas with coffee and tea as possible and this was an integral
piece that we were missing. We plan to have this product available
by November.”
Blessed Bean Coffee, LLC has seen
substantial growth in 2019. By customer demand, the Company has
entered the single serve private label market by purchasing its own
automated single serve cup machine capable of producing up to 1200
cups per hour.
Robie Leavitt, President of Blessed
Bean Coffee, LLC, stated, “We are anticipating another spike in
revenues with this new single serve machine as we did when we
launched our private label drop shipping program back in July. We
have since obtained several new private label customers and secured
a large two-year contract. The plan in the fourth quarter is to
purchase a larger roaster to keep up with this growth leading into
2020.”
Elev8 Brands has seen growth this
year in both Elev8 Hemp as well as Blessed Bean Coffee. Elev8
Hemp’s revenues year over year is currently over 85% growth rate.
The introduction of its CBD whole bean coffee, hemp infused single
serve coffees and the expansion of the ready to drink CBD infused
beverages are just a few of the reasons the Company has forecasted
revenues of $400,000 in the fourth quarter. Elev8 Hemp’s network
currently consists of 18 distributors throughout 12
states.
Medico concluded, “In the third
quarter we made some significant changes to our brand across the
board. We took the time to do this now so we will be prepared for
the next several years of growth. Its is very exciting to see
multiple new products coming out of Elev8 Hemp in the upcoming
months as we will see all our hard work come to
fruition.”
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