Elev8 Brands, Inc. Acquires L & P Cold Brew, LLC to Enter $71 Billion Market
June 26 2018 - 7:30AM
InvestorsHub NewsWire
Elev8 Brands, Inc. Acquires L & P
Cold Brew, LLC to enter $71 Billion Market
Company’s Financial
Audit Should be Completed Within 30 Days
ORLANDO, FL -- June 26, 2018 --
InvestorsHub NewsWire -- Elev8 Brands, Inc. (OTC Pink:
VATE), a holding company focused on the commercial development
of hemp and CBD-based products including hemp coffee, tea, CBD
salve, CBD Lotions and CBD Tinctures that target the health and
wellness markets, is pleased to announce the acquisition of L&P
Cold Brew, LLC from Blessed Bean Coffee, a Florida Limited
Liability Company. The acquisition allows Elev8 Brands to enter the
ready to go market, which according to Food Business News, the
global sales of ready to go coffee and tea market in 2015 was $71.4
billion.
Elev8 Brands acquired the newly formed
L&P Cold Brew to launch its new cold brew product line and to
make it a more versatile company adding additional revenue through
vertical markets.
"We have had tremendous success with
our Blessed Bean Coffee company and have been eager to expand our
business into the cold brew sector”, stated Robie Leavitt, Managing
Member of Blessed Bean Coffee, "Working with the Elev8 team has
given us the ability to open up a new division of our already
profitable business to provide cold brew to our existing customers
as well as the ability to create new customers from this high
demand market of ready to go coffee drinks.”
According to a report by Grand View
Research, Inc. the global ready to drink tea and coffee market size
is expected to reach 116.13 billion USD by 2024. US Sales alone in
2017 were over $38.1 million which is up over 460% from
2015.
Ryan Medico, CEO of Elev8 Brands, Inc.
stated, "As we see the market for ready to go coffee and tea
drastically increasing, we must jump on the opportunity to develop
our own cold brew coffee. Of course, our coffee will differentiate
itself amongst the others as Elev8 will infuse organic hemp
protein."
Elev8 Brands is also pleased to
announce that within thirty days its audit should be complete per
Ben Borgers of BF Borgers CPA PC. Elev8 Brands has submitted its
second round of information and will soon be completing its
application process to up-list to the OTCQB.
Medico concluded, "This is a very
exciting time for the company. We are seeing and experiencing
growth in all subsidiaries from private label hemp coffee and CBD
to new retail accounts and acquisitions. Elev8 Brands is set to
have its biggest quarter yet."
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
www.facebook.com/elev8hemp
www.instagram.com/elev8hemp
www.twitter.com/elev8hemp
www.02breathe.com
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.
Contact:
Ryan Medico
info@elev8hemp.com