Business
White Label Liquid, Inc. Reports Fiscal Year 2018 Financial Results: Revenues Top $7 Million, Greatly Exceeding Previous Year's Revenues by Over $5 Million
White Label Liquid, Inc. Reports Fiscal Year 2018 Financial Results: Revenues Top $7 Million, Greatly Exceeding Previous Year's Revenues by Over $5 Million.
About this update from White Label Liquid, Inc.
[{"type":"text","content":"\nDAYTONA BEACH, Fla., April 11, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- White Label Liquid, Inc. (OTC: WLAB) (\"the Company\"), a leading provider of premium private-label services for the cannabis industry, reported fiscal year 2018 financial results, with the Company recording revenues of $7,006,110. That number greatly exceeded by over $5 million the revenue reported for 2017, demonstrating the Company's profitability with a 250 percent year-over-year increase in revenue earned.\n The Company believes that the strong end-of-the-year results further position it to be a reliable partner to those seeking to be successful in the burgeoning CBD industry throughout 2019 and beyond. \"We had a great year, but it's only just the beginning,\" said White Label Liquid CEO Yaron Elkayam. \"These numbers reflect not just the hard work of our partners all along our supply chain; they are also a reflection of the growing strength of the CBD industry.\" White Label Liquid's expert team provides businesses looking to enter the CBD space with a variety of private label, hemp-derived CBD products to help them meet and exceed a broad range of their customer needs and desires. The Company recently announced that it had moved into a new 51,000-square-foot, all-in-one operations facility to manufacture CBD in-house, using industry standard, \"good manufacturing practices\" (\"GMP\"). White Label Liquid, Inc. offers business owners cutting-edge solutions with CBD products that are available in over 20 categories and 300 SKU's. (Click here to see a video of White Label Liquid's manufacturing operations and learn more about the Company.) Growing mainstream acceptance for organic pain-relieving products, along with industry-supporting government legislation, and increased consumer demand are vital reasons why experts estimate that the American hemp-derived CBD market will grow to $22 billion within the next three years. Moreover, the overall global cannabis industry is expected to reach $146.4 billion by 2025. \"We know that to be the best in any industry, you have to continue to grow and innovate. I am confident that our team will build on the recent investments that we've made in our state-of-the-art manufacturing, logistics, and production capabilities and deliver even better figures for 2019.\" About White Label Liquid, Inc.: Wh...