Elev8 Brands, Inc.Acquires One Utopia, LLC
The Company expands to three new locations
ORLANDO, Fla., September 14, 2018 -- Elev8 Brands, Inc. (OTC Pink: VATE), a holding company focused on the commercial development of hemp and CBD-based products including hemp coffee, hemp tea, hemp Cold Brew, CBD salve, CBD Lotions and CBD Tinctures that target the health and wellness markets, is pleased to announce the acquisition of newly formed One Utopia, LLC.
One Utopia, LLC will be the new name for brick and mortar locations to sell products that 02 Breathe currently sells such as essential oils, CBD products, salt lamps and massage products to name a few. The company has recently signed a one-year lease for a store location at 409 Delannoy Avenue, Cocoa Village, FL. Cocoa village is a historic village that holds events, shopping, dining and entertainment.
One Utopia is pleased to announce it has purchased a brand-new mobile coffee trailer. This trailer will be showcased in many of the events that 02 Breathe is currently in around the Orlando, FL area. The Company plans to make specialty hemp coffee drinks, matcha lattes, mushroom coffee and tea and an array of beverages that offer additional health benefits. This new mobile coffee trailer gives Elev8 Brands a presence its never had before.
In addition, the Company has also signed a three-year lease as a tenant of the Montrose Street Market located at 793 West Montrose Street, Clermont, FL 34711. One Utopia will be one of a few companies with its presence in this location allowing for a lot of foot traffic.
L&P Cold Brew, LLC has officially signed a lease with its roaster, Blessed Bean Coffee, LLC. This location is over 6,000 square feet and will house L&P Cold Brew products and equipment when purchased. The new space gives L&P Cold Brew the ability to handle distribution, a location for future equipment and extensive storage capacity.
Elev8 Brands, Inc.s CEO, Ryan Medico stated, We have a lot of moving parts right now and are very excited about the growth. Getting product delivered up to Amazon facilities in Canada and finishing up our audit is our highest priority.
In order to capitalize in on this expansion, Elev8 Brands has officially hired a full time National Sales Manager to handle account management as well as all new accounts. The Company has plans to aggressively pursue trade shows this year and now they have the staff to accomplish this goal.
Medico concluded, This new position will allow the Company to grow at an exponential rate. We are very pleased to have filled this role with an individual who is very competent and carries an extensive sales background.