Elev8 Brands, Inc. Reports Astonishing Q2 Growth
August 16 2019 - 8:40AM
InvestorsHub NewsWire
Elev8 Brands, Inc. Reports
Astonishing Q2
Growth
Distribution Network
Expands & Company Reports First Profitable
Month
ORLANDO, FL -- August 16, 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 impressive second quarter
financials and new distribution contracts.
Coming off an extremely promising
first quarter, Elev8 Brands, Inc. has continued their upward
trajectory for the year, surpassing their first quarter earnings by
25%. While this would be extremely impressive for any company in
the highly competitive CBD space, this incredible fiscal
performance comes after Elev8 Brands’ separation from O2 Breathe, a
former subsidiary that chose to exercise an exit clause earlier
this year. In addition to this growth, June marked the Companies
first month of profit. This is an astonishing feat in under three
years.
O2 Breathe, known for CBD-infused
oxygen bars, used to earn $220K annually for Elev8 Brands, Inc.
Elev8 is growing at a breakneck pace and not only generated
revenues to make up for O2 Breathe’s absence but still earn 25%
more on top of that original number. From an annualized
perspective, Elev8 Brands, Inc. has actually grown over 88% this
year between Elev8 Hemp, LLC, Zoe CBD, LLC, and Blessed Bean,
LLC.
“We are so excited to see this year
unfold. Our plan is on schedule and we will far surpass our goal of
distributors this year.” says Ryan Medico, CEO of Elev8 Brands,
Inc. “We have sold through our first production run of our ready to
drink CBD beverages rather quickly ending June with the Company’s
first profitable month. With the finalization of our national logo
and branding redesign in the next couple weeks, we are excited to
be announcing new flavors of our beverages. These new flavors will
more than likely triple our revenues as we have had many requests
for additional flavors already.”
This growth is on track to continue
because demand for CBD product is only increasing. Elev8 Hemp is
currently processing a small production run of their CBD-Infused
Ready-to-Drink coffees and teas to fulfill demand until the new
label work is complete. This new design, defined primarily by a new
logo, is a critical part of crafting a national brand identity that
will flow through all of Elev8’s product lines. The new design will
provide heightened brand visibility and cultivate brand loyalty as
products hit shelves nationwide.
While Elev8 has announced several
new distribution contracts recently, those interested in being a
part of the CBD-infused industry continue to seek out contracts
with our talented sales team. Elev8 Brands recently signed
contracts with BS Distribution, which covers large sections of
California like Sonoma, Napa, Mendocino, Marin, and Solano, and
Illinois-based Endeavor Imports, Inc, covering highly populated
metropolitan areas like Chicago, Rockford, Naperville, and
Evanston.
Adding two new contracts last week
brings Elev8’s distribution network up to 18 individual companies
looking to get Elev8’s products into more retailers and customer’s
homes than ever before. Any parties interested in sampling Elev8’s
CBD-Infused Ready-to-Drink coffee and tea or ordering product for
distribution or retail can do so 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