Elev8 Brands, Inc. Finalizes Formulation for New CBD Lemon Iced Tea
November 02 2018 - 8:30AM
InvestorsHub NewsWire
Elev8 Brands, Inc. Finalizes
Formulation for New CBD Lemon Iced Tea
Company
retires 10 million common shares
Orlando, FL -- November 02, 2018
-- InvestorsHub NewsWire -- Elev8 Brands, Inc. (OTCQB:
VATE), a holding company focused on the commercial development
of hemp and CBD-based products including hemp coffee, hemp tea,
hemp Cold Brew, CBD salve, CBD Lotions and CBD Tinctures that
target the health and wellness markets, is pleased to announce the
first flavor of Elev8 Hemp’s New CBD Iced Tea will be
Lemon.
The Company’s research concluded one of the most common and popular
flavors of iced tea is Lemon. With a mission to introduce CBD to
consumers through premium everyday consumable products, Elev8 Hemp
chose to start with an already familiar flavor. This week the
Company concluded the formulation process of its CBD Lemon Iced
Tea.
According to www.teausa.com, Tea is the most widely
consumed beverage in the world next to water and can be found in
almost 80% of all U.S. households. Approximately four in five
consumers drink tea, with Millennials being the most likely (87% of
millennials drink tea). Approximately 80% of tea consumed in
America is iced.
Elev8 Brands, Inc.’s CEO, Ryan Medico, stated, “We
are very pleased to be bringing both a CBD Coffee and CBD Tea to
market in the RTD category. Lemon flavored CBD Iced Tea will be our
first flavor to market as we believe it will appeal more to the
masses.”
The Ready-To-Drink (RTD) tea category volume
exceeded 1.8 billion gallons in 2017 (est). The canned/bottled RTD
tea segment comprised just under 50% of the market share and is
expected to continue to grow an estimated 30 – 35% over the next
five years.
Medico continued, “RTD CBD Beverages is where we
are putting a lot of attention now. We have hired the right
individuals to grow and develop existing product lines while we
position Elev8 Hemp to be the Company of choice when it comes to
RTD CBD Beverages. RTD Coffees and Teas are such a huge market and
we are excited to be the Company that is in both.”
After the successful launch of this first flavor
of CBD Iced Tea the Company plans to expand on these flavors
thereafter.
In a continuous process to provide the best share
structure for our shareholders and future shareholders, the Company
has negotiated with prior management to retire 10 million common
shares to treasury.
Medico concluded, “We are very pleased to retire
these shares. Our shareholder are always in our best interest and
we will continue to make our share structure more appeasing where
applicable.”
Resources:
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
www.elev8hemp.com
Contact:
www.elev8hemp.com
(407) 377-6693
ir@elev8hemp.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.