Business
Oliveda International, Inc. (OLVI) Invests $20 Million in 2020; Growth in 2020 of At Least 100%
Oliveda International, Inc. (OLVI) Invests $20 Million in 2020; Growth in 2020 of At Least 100%.
About this update from Oliveda International, Inc.
[{"type":"text","content":"\n SANTA MONICA, CA, March 30, 2020 (GLOBE NEWSWIRE) --  via NEWMEDIAWIRE ‒ Oliveda International, Inc. (OTC Pink: OLVI), a leading international natural cosmetics and wearable beauty and health technology innovator, today announced that on March 21, 2020, the Board of Directors decided to invest $20 million in 2020-2021 for the development of globally unique technologies/products as well as for the internationalization of the Oliveda flagship stores and for the purchase of large mountain olive groves. A listing on the Nasdaq in October 2021 was also decided.  The $20 million will be financed by the company’s own funds and the issuance of approximately 30 million shares in a Reg A (Tier 1) filing, which will be registered with the Securities and Exchange Commission in April this year. Renewable natural immune boosters and natural antibiotics from the mountain olive tree: In 2018, Oliveda discovered a phenolic compound in the olive leaves of its own wild olive trees that developed antibiotic, antiviral and antifungal properties, ideally suited for Olive Tree Pharmacy.  Due to the extremely increasing antibiotic resistance to synthetically produced antibiotics worldwide, Oliveda will now become more involved in this area and also use its own resources from the ecologically certified mountain olive trees to develop an entire product line in this area. In April 2020, Oliveda will launch the first hand sanitizer based on hydroxytyrosol, one of nature's strongest antioxidants that can only be obtained from olive trees and their leaves, as well as other immune boosters that will be based on a phenolic compound of the olive tree such as oleuropein and hydroxytyrosol. Thomas Lommel is convinced that the ongoing crisis will raise awareness of these highly effective natural active ingredients worldwide and that demand will rise accordingly in the coming years. In order not to be dependent on suppliers and supply chains for these most important and continuously renewable raw materials, the inventory of 100-year-old mountain olive trees is being expanded accordingly.  Thus, large-scale land purchases of organically grown 100-year-old mountain olive groves will be made shortly. Increase in value through unique technologies that are unique worldwide: In 2020, Oliveda will increasingly invest in the Olive Tr...