Business

ELEV8 BRANDS INC (OTCMKTS:VATE) Reports Release Of New CBD And Hemp Products

ELEV8 BRANDS INC (OTCMKTS:VATE) has released three fresh Elev8 Hemp Coffees and 300 mg Zoe Cannabidiol Tinctures in the market. The company is delighted to offer more variations from its Hemp Coffee line. It will now be providing its coffee in an Espresso, Dark Roast and Chocolate Raspberry Truffle.

The buzz

ELEV8 BRANDS’s Hemp Coffee line has been steadily selling out of retail stores as well as on web platform. Due to the increased demand for Elev8s Hemp Coffee offerings, the firm’s management team finalized to increase the count of blends offered to enable Elev8 Brands to further increase its market share.

Zoe Cannabidiol sales have surpassed original expectations since its latest product launch. To offer a price point that’s interesting to all, Zoe CBD has created their own 300 mg Tincture along with their 1000 mg and 500 mg. The 300 mg tincture was established as an entry level offering to reach a wider variety of customers. This allows the firm to launch CBD products to customers who are not as familiar with the value and benefits of CBD.

Ryan Medico, the CEO of Elev8 Brands, expressed that it is such a thrilling time launching new products to market. As their sales continue to grow at an accelerated rate, introducing these new offerings will be a positive step. Medico added that they are all looking forward to a remarkable year.

Elev8 Brands has continually increase its revenues over the year, reporting a remarkable fourth quarter with a 30% jump in sales from CBD and hemp products. Both brick and mortar as well as online sales have improved. To meet these growing sales, the firm implemented marketing endcaps for permitted grocery sites, which has established additional product placement and larger orders from the outlets.

In the last trading session, the stock price of ELEV8 BRANDS declined more than 9% to close the day at $0.0262.