Business
Ladybug-Growhouse Surpasses Last Year’s Revenue of $2M
Ladybug-Growhouse Surpasses Last Year’s Revenue of $2M.
About this update from Ladybug Resource Group, Inc.
[{"type":"text","content":"\n -Growhouse Revenue is $2.3M for 9 Months Ending September 30, 2023- TULSA, OK, Nov. 28, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Ladybug Resource Group, Inc.; (OTC PINK: LBRG) (\"Ladybug\" or the \"Company\"), following the Company’s acquisition of Growhouse Nutraceuticals Ltd., the company announces that for the nine (9) months ending September 30, 2023, Growhouse has stated revenues of $2.3M US. This is approximately $300K more than the total revenues generated in 2022.  The Growhouse stated revenues for Q1-Q2 and Q3 of 2023 were $727K, $788K and $826K, USD, respectively. This is a steady increase of approximately 9% per quarter. The company has acquired new products, along with expanding customer acquisition, while management is focused on its growing eCommerce platform. Growhouse will focus on its online retailing of its nutraceutical products that combine elements of both nutrition and pharmaceuticals, offering health benefits beyond basic nutrition. The nutraceutical industry has experienced significant growth in recent years, driven by increasing consumer awareness of health and wellness, a growing aging population, and a desire for natural and preventive health solutions. As a result, nutraceutical products have become popular items in the ecommerce market, where consumers can easily access a wide range of options from the comfort of their homes. Stay updated with the latest announcements by visiting our websites at https://ladybuglbrg.com,  https://growhousenutraceuticals.com   or via our social media channels. Safe Harbor for Forward-Looking Statements: This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes,” “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve i...