Elev8 Brands, Inc. Acquires One Utopia, LLC

Date : 09/14/2018 @ 8:30AM
Source :InvestorsHub NewsWire
Stock : Elev8 Brands, (PC) (VATE)
Quote : 0.0455  -0.006 (-11.65%) @ 4:00PM
Elev8 Brands, Inc share price Chart

Elev8 Brands, Inc. Acquires One Utopia, LLC

The Company expands to three new locations

Orlando, FL -- September 14, 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, 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 and its assets. 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.”
 

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:Z

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

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