This S-1 also includes and important update on pag
Post# of 75394
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Posted On: 05/15/2019 10:30:42 PM
This S-1 also includes and important update on page 21 near the bottom, shows that besides still needing GHS Holdings, the business is on track with their release plans coming together, read this (pg 21):
"Known Trends and Uncertainties Expected to Have a Material Impact on Revenues
We expect our revenues to increase materially during the remainder of 2019 and in 2020, primarily due to anticipated sales under our private label manufacturing contract with CBD Alimentos SA de CV (“CBD Alimentos”), which will purchase our inventory through its sister company CBD Life. The initial order from CBD Life is expected to ship late in the second quarter or early third quarter of 2019 with additional orders to follow. We received the initial purchase order and deposit of $466,300 in December 2018. We also expect to begin shipping product under our private label agreement with Green Lotus in the second quarter of 2019. Lastly, we expect revenue growth from our new HEMPd branded CBD-infused flavored and unflavored waters and other HEMPd branded products. Revenue from the new HEMPd products is inherently difficult to project and will depend on the level of market acceptance and market penetration that can be achieved for these new products.
The Company is in discussions with two separate national distribution companies as well as other regional distributors that are interested in carrying the Company’s products. The Company expects to execute supply agreements with one or more of these distributors in the second quarter of 2019."
"Known Trends and Uncertainties Expected to Have a Material Impact on Revenues
We expect our revenues to increase materially during the remainder of 2019 and in 2020, primarily due to anticipated sales under our private label manufacturing contract with CBD Alimentos SA de CV (“CBD Alimentos”), which will purchase our inventory through its sister company CBD Life. The initial order from CBD Life is expected to ship late in the second quarter or early third quarter of 2019 with additional orders to follow. We received the initial purchase order and deposit of $466,300 in December 2018. We also expect to begin shipping product under our private label agreement with Green Lotus in the second quarter of 2019. Lastly, we expect revenue growth from our new HEMPd branded CBD-infused flavored and unflavored waters and other HEMPd branded products. Revenue from the new HEMPd products is inherently difficult to project and will depend on the level of market acceptance and market penetration that can be achieved for these new products.
The Company is in discussions with two separate national distribution companies as well as other regional distributors that are interested in carrying the Company’s products. The Company expects to execute supply agreements with one or more of these distributors in the second quarter of 2019."
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