Elev8 Brands, Inc. Application Submitted for Trading on the OTCQB Venture Market
Elev8 Hemp, LLC Moves into Canadian Hemp Market
ORLANDO, Fla., Aug. 14, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Elev8 Brands, Inc. (OTC Pink: VATE), a holding company focused on the commercial development of hemp and CBD-based products, including hemp coffee, tea, hemp extract, CBD salve, CBD Lotions and CBD Tinctures that target the health and wellness markets, is pleased to announce it has submitted its application to trade on the OTCQB Venture Market.
Elev8 Brands has progressed tremendously over the past year. Having audited financial statements and being quoted on the OTCQB will help ensure confidence in the Company as well as provide a high level of transparency.
Elev8 Hemp products have been approved for Amazon Canada and will be listed on Amazon Prime for Canada over the next two weeks. Amazon Canada in 2016 had sales of $3.5 Billion up from $2 billion in 2014, according to an article by Business.Financialpost.com. With the continuous growth in ecommerce, the Company wants to make its presence known in Canada as they soon get to see its premium hemp brand.
Elev8 Brands CEO Ryan Medico stated, "Making an international move is a milestone for the Company. Hopefully, this won't be the last. As we lock down the logistics of this move, we plan to expand into other countries as well."
Elev8 Hemp has also launched 500mg Hemp Extract on Amazon this month. With resources readily available, the Company saw a quick and simple way to expand their product base on Amazon. This product is not yet available on Amazon Prime but plans to be in the future.
Medico concluded, "While we are in the process of applying to the OTCQB, we are also expanding our product base as well as expanding our sales. Its exciting seeing the Company firing on all cylinders. I am looking forward to interviewing for our new sales representatives and account manager positions this week."