Business
Fourth quarter Sales from Elev8 Hemp and Zoe CBD Up Over 30%
Fourth quarter Sales from Elev8 Hemp and Zoe CBD Up Over 30%.
About this update from Branded Legacy Inc.
[{"type":"text","content":"\n\n ORLANDO, Fla., Feb. 09, 2018 (GLOBE NEWSWIRE) -- Via OTC PR Wire -- Elev8 Brands, Inc. (OTC Pink:VATE), a holding company focused on the commercial development of hemp and CBD-based products including hemp coffee, tea, E-juices, CBD Lotions and CBD Tinctures that target the health and wellness markets, is pleased to announce three new Elev8 Hemp Coffees and 300mg Zoe CBD Tinctures will be available by Friday of next week. Elev8 Brands is pleased to bring more variations from its popular Hemp Coffee line. The Company will now be offering its coffee in a Dark Roast, Espresso, and Chocolate Raspberry Truffle. The Company’s Hemp Coffee line has been consistently selling out of brick and mortar stores as well as online. Due to the high demand for Elev8’s Hemp Coffee products, the Company’s management team decided to increase the number of blends offered to allow Elev8 Brands to further grow its market share. Zoe CBD sales have exceeded original expectations since its recent product release. To provide a price point that’s appealing to all, Zoe CBD has officially created their own 300mg Tincture to go along with their 500mg and 1000mg. The 300mg tincture was created as an entry level product to reach a wider variety of consumers. This allows the company to introduce CBD products to consumers who aren’t as familiar with the benefits and value of CBD.  Ryan Medico, CEO of Elev8 Brands, Inc., stated, “It is such an exciting time introducing new products to market. As our sales continue to increase at an accelerated rate, launching these new products will be like adding fuel to the fire. We are all looking forward to a fantastic year.” Elev8 Brands has steadily increased their revenues over the year, announcing an amazing fourth quarter with a thirty percent increase in sales from hemp and CBD products. Both online sales as well as brick and mortar sales have increased. To meet these increasing sales The Company implemented marketing endcaps for approved grocery locations, which has created additional product placement as well as larger orders from the stores. Elev8 Brands has hired a marketing company who will be doing samplings and promotions for Hemp Coffee and Hemp Tea at all brick and mortar locations in Florida throughout the year. The next promotion will be in its Orlando location...