ELEV8 BRANDS In/SH SH (OTCMKTS:VATE) has announced that it has retired more than Two Hundred Million shares of common stock by the Company’s Management Team. Elev8 Brands is a holding company which specializes in the commercial production of CBD and hemp-based products. Some of these products include tea, hemp coffee, E-juices, CBD Lotions and CBD Tinctures that are supplied in the health and wellness markets.
The company has announced that it has been diligently working to maintain a strong share structure so as to increase value to the shareholders. Elev8 says the its management has managed to negotiate the retirement of more than Two Hundred Million shares of common stock. As at March 13th, 2018 the company had 363,232,031 in current and outstanding shares.
Building on the good performance
In a statement, Elev8 CEO Ryan Medico said that the company recorded its best sales in February. He noted that following that impressive performance, the management is very happy and optimistic about the direction that the company is heading into. He said that he will be issuing an update letter to the shareholders to highlight on the developments and progress that the company is making.
Recently the company launched three new300mg Zoe CBD Tinctures and Elev8 Hemp Coffees that are now selling on the market. The Elev8 Brands has announced that it is working to launch a variation of brands on the market. The brands will be an addition of the popular Hemp Coffee line.
Elev8 is responding to the strong demand for Hemp Coffee products
Elev8 will start offering its coffee in a Chocolate Raspberry Truffle and Dark Roast, Espresso. On many occasions, the Hemp Coffee line has been selling out brick and mortar stores.it can also be bought online. In response to the high demand for Elev8’s Hemp Coffee products, the management has announced that it will be increasing the number of flavors that it offers so as to allow its brands grow and expand its market share.
The company recently announced that its Elev8 Hemp Coffee can now be purchased at Lucky’s Market which is located at 1720 E Hwy 50, Clermont, FL 34711 and also at Lucky’s Market, which is located at 580 Atlantic Blvd, Neptune Beach, FL 32266.