Business
Elev8 Brands, Inc. Begins Production of New CBD Bottled and Canned Beverages
Elev8 Brands, Inc. Begins Production of New CBD Bottled and Canned Beverages.
About this update from Branded Legacy Inc.
[{"type":"text","content":"ORLANDO, Fla., Jan. 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Elev8 Brands, Inc. (OTCQB: VATE), a holding company focused on the commercial development of hemp and CBD-based products, is pleased to announce its manufacturing of its new CBD Iced Tea and CBD Iced Coffee is underway.The Company worked diligently in developing formulas as well as labeling for its new product lines. Elev8 Brands all new CBD Iced Tea and CBD Iced Coffee ready to drink beverages are primed to be a leader in this Ready to Drink market sector. According to Beverage Industry, U.S. tea and RTD tea category retail sales totaled $7.8 billion in 2017, up almost 4 percent compared to the previous year. Refrigerated RTD teas accounted for about 75 percent of category sales, it added. (Link to article) . 52 percent of those who identify themselves as tea drinkers also drink coffee and 43 percent of self-identified coffee drinkers also drink tea. Within the workplace, 44 percent of tea drinkers choose the beverage to “break up the day.” (Link to article).CEO of Elev8 Brands, Ryan Medico, stated, “We are so pleased to have these products moving into production. This couldn’t have been finalized at a better time. The labels look amazing and we will be placing them on social media very soon. For the last few months, our team, vendors, and partners have been working hard to bring the vision of CBD Iced tea and CBD Iced Coffee, to market and we have created an amazing product that will be the leader in this market sector”The Company is also pleased to fill its full-time sales position at its home office in Orlando, FL. The addition of Darcie Ham to the sales team brings fifteen years of experience in the beverage industry. Darcie has extensive knowledge and experience with obtaining new business, new product expansion, product placement and merchandising. She is seasoned in the grocery space and has fit in great with the Company.Medico concluded, “Darcie has been an amazing addition to our team. We have already seen an increase in sales over the few short weeks she has been working with us. With her connections that she brings to the table, Darcie has scheduled meetings with four new distributors so far. With new laws in place as of January 1, 2019, we are experiencing very positive changes in the perception of CBD and can’t wait to provide all o...