ORLANDO, Fla., Jan. 24, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Elev8 Brands, Inc. (OTCQB: VATE ), a holding company (the "Company") focused on the commercial development of hemp and CBD-based products, is pleased to announce it has acquired Blessed Bean Coffee, LLC.
Elev8 Brands, Inc. continues to execute on opportunities for potential growth. The Company is now able to control the means of production from start to finish. Elev8 Hemp, LLC ("Hemp"), a wholly-owned subsidiary of the Company, has seen tremendous growth over the last twelve months and should continue to do so throughout 2019. The Company has acquired Blessed Bean Coffee, LLC for 3,541,228 restricted common shares of Elev8 Brands, Inc. With the growing demand for Elev8 Hemp Coffee, the Company plans to purchase a larger roaster and other miscellaneous equipment to increase productivity and continue increasing the volume.
Blessed Bean Coffee, LLC("Bean") is a private label roaster based out of Longwood, FL that was founded in 2005. Bean has been working closely with Hemp since the end of 2017. Robie Leavitt, CEO of Blessed Bean Coffee, LLC, sold his dairy farm in Maine and moved to FL to pursue his passion to produce fresh cups of coffee.
Leavitt stated, "This is a great move for both companies. Ryan and I have had a great working relationship for over a year now and this should be a step in the right direction."
CEO of the Company, Ryan Medico, stated, "We hope this is going to be an amazing year. We have been working diligently on expanding distribution, creating opportunities to expand sales and streamline manufacturing. This acquisition creates potential to do all of these things and ensure that production can keep up with our expansion, cutting costs and significantly increasing the bottom line."
Elev8 Brands, Inc. is pleased to announce its newest distributor, Synergy Distributors ("Synergy"). Based out of Milwaukee, Synergy has its goals set on being the premier distributor of hemp and CBD products in Southeastern Wisconsin.
Medico concluded, "Working with Synergy has been great. They have placed their first couple of orders already and have a lot of interest in our new CBD Infused Ready to Drink Iced Tea and Iced Coffee. We hope to grow and expand with them greatly over this next year. This new distributor keeps us on track to hit our goal in 2019 of adding over 20 distributors. We have meetings with new distributors set and expect to have expansion to report on over the next few weeks."
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
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.
www.elev8hemp.com (407) 377-6693 ir@elev8hemp.com
