Business
Bloomios Expands Production Capacity by 300%, Setting Stage for Strong Growth in 2022
Bloomios Expands Production Capacity by 300%, Setting Stage for Strong Growth in 2022.
About this update from Bloomios Inc.
[{"type":"text","content":"\n\n\n\nBloomios Expands Production Capacity by 300%, Setting Stage for Strong Growth in 2022\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBloomios Expands Production Capacity by 300%, Setting Stage for Strong Growth in 2022\nPR Newswire\nSANTA BARBARA, Calif., May 18, 2022\n\n\n\nSANTA BARBARA, Calif., May 18, 2022 /PRNewswire/ -- Bloomios, Inc. (OTCQB: BLMS), a leading hemp and nutraceutical manufacturer specializing in full service product development, R&D and compliance solutions, has completed a major expansion of the company's manufacturing and fulfillment systems at its new state-of-the-art 50,000 sf. manufacturing facility in Daytona Beach, Florida.\n\n \n \n \n \n \n \n\n \nWe continue to see strong growth and market share expansion in 2022The expansion increased manufacturing and fulfillment capacity by approximately 300%, as well as lowered operating expense. It now supports more than 80 turnkey products across seven popular format categories, as well as the company's plans to enter new market verticals.\nBloomios estimates the new equipment has increased overall capacity by about 300%, while enabling many process improvements. By the third quarter of 2022, the company expects to increase its infused gummy output capacity to exceed more than 1 million gummies per day or a 5x increase in output capacity from current levels.\n\"Our first quarter was a transitional period where we completed the first phase of our expansion and retooling of our manufacturing facility in preparation for strong growth this year,\" stated Bloomios CEO, Michael Hill. \"While the downtime resulted in lower revenues in the recent period, we anticipate making up for this substantially over the coming quarters as we bring our greater manufacturing capabilities online.\"\nBloomios is currently in the process of adding two new stand-alone fully automated filling systems to increase its filling capacity to more than 30,000 containers per day with 10 operators. By the third quarter, it expects to increase its output capacity to more than 45,000 containers daily.\n\"We do not see t...