Elev8 Brands Inc. (OTCMKTS:VATE) has announced more than 93% growth in sales of its hemp teas and coffees in physical locations and a new distribution partnerships with Sunshine State Distributing, Legacy Distributing and OneLove Distributing.
Ready-to-drink beverages generated $64,000
The company has indicated that its ready-to-drink beverages have generated revenue of more than $64,000 in the first one and half months. The exceptional growth has been enhanced by the launch of the new Groupon offer. Groupo9n is a renowned online retailing platform that provides limited-time discount offers to customers and this has resulted in increase in revenue as well as promotion of the brand and its availability outside the physical locations.
Elev8 Hemp’s exceptional growth is an indication that there is much potential for the company’s entire product line which includes its latest drink the Pumpkin Spiced Hemp Coffee that is expected to be launched later in August. The Pumpkin Spiced Hemp Coffee which is the latest flavour in the company’s flavoured coffees is expected to sell big in the winter and fall seasons.
Partnerships with distributors
The Florida based hemp and CBD infused drinks maker has signed several contracts with home-grown and local distribution companies of similar values. For instance Sunshine State Distributing which is located in Orland shares the same vision as Elev8 Hemp and it prides itself for distributing a new budding craft beer, CBD brand and sprits in Florida through individual promotions, innovations as well as education.
Chris Larue the founder and President of Sunshine State Distributing stated that they were excited to partner with Elev8 Hemp in central Florida. He added that following the enactment of the 2018 Farm Bill the hemp market in Florida has grown tremendously. Larue said that the hemp products in the health and wellness space are gaining momentum and the company is well positions to leverage the market.
Elev8 Hemp CEO stated that the addition of Sunshine Staten was a significant milestone to the company and their well-established network in Florida will help the company to expand quickly. The company has also partnered with OneLove Distributing to supply Oklahoma