ORLANDO, Fla., Jan. 04, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Elev8 Brands, Inc. (OTCQB: VATE ), a holding company focused on the commercial development of hemp and CBD-based products, is pleased to announce its manufacturing of its new CBD Iced Tea and CBD Iced Coffee is underway.
The Company worked diligently in developing formulas as well as labeling for its new product lines. Elev8 Brands all new CBD Iced Tea and CBD Iced Coffee ready to drink beverages are primed to be a leader in this Ready to Drink market sector. According to Beverage Industry , U.S. tea and RTD tea category retail sales totaled $7.8 billion in 2017, up almost 4 percent compared to the previous year. Refrigerated RTD teas accounted for about 75 percent of category sales, it added. ( Link to article ) . 52 percent of those who identify themselves as tea drinkers also drink coffee and 43 percent of self-identified coffee drinkers also drink tea. Within the workplace, 44 percent of tea drinkers choose the beverage to “break up the day.” ( Link to article ).
CEO of Elev8 Brands, Ryan Medico, stated, “We are so pleased to have these products moving into production. This couldn’t have been finalized at a better time. The labels look amazing and we will be placing them on social media very soon. For the last few months, our team, vendors, and partners have been working hard to bring the vision of CBD Iced tea and CBD Iced Coffee, to market and we have created an amazing product that will be the leader in this market sector”
The Company is also pleased to fill its full-time sales position at its home office in Orlando, FL. The addition of Darcie Ham to the sales team brings fifteen years of experience in the beverage industry. Darcie has extensive knowledge and experience with obtaining new business, new product expansion, product placement and merchandising. She is seasoned in the grocery space and has fit in great with the Company.
Medico concluded, “Darcie has been an amazing addition to our team. We have already seen an increase in sales over the few short weeks she has been working with us. With her connections that she brings to the table, Darcie has scheduled meetings with four new distributors so far. With new laws in place as of January 1, 2019, we are experiencing very positive changes in the perception of CBD and can’t wait to provide all of our current and future customers with our new CBD beverage line. We now have our bank providing online merchant processing for CBD, which is a huge change for our industry. Elev8 is perfectly positioned going into 2019.”
About Elev8 Brands, Inc.: Elev8 Brands, Inc. specializes in the development and marketing of products for the fitness and wellness markets. The company is founded based on creating high-quality, sustainable, products for health-conscious consumers.
About Elev8 Hemp LLC: Elev8 Hemp LLC is a wholly-owned subsidiary of Elev8 Brands, Inc. which focuses on the development and marketing of hemp-based food, beverage, and health care products including hemp coffee and hemp tea.
About 02 Breathe LLC: 02 Breathe is a wholly-owned subsidiary of Elev8 Brands, Inc. which focuses on their oxygen bar while bringing in an array of CBD products. O2 Breathe carries CBD tinctures, CBD vape, CBD lotions and massage products. 02 Breathe is currently looking to offer CBD at their oxygen bar.
About Zoe CBD LLC: Zoe CBD is a wholly-owned subsidiary of Elev8 Brands, Inc. which focuses on the development and marketing of CBD-based products such as CBD Tinctures, CBD E-Juice, CBD Lotion and CBD Salve. Please visit, http://www.zoecbd.com for more information
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Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
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