Thursday, July 09, 2020 11:36:48 AM
commercial development of hemp and cannabinoid-infused beverages along with an array of CBD topicals and
tinctures, reports increase in sales in the second quarter. The Company has grown over 20% from the first to
second quarterwith product placement of Elev8 Hemp’s CBD Infused Iced Teas in over 40 new locations within
the last week.
CEO of Branded Legacy, Ryan Medico, stated, “We have seen sales start to increase as the country slowly starts
to reopen. Both the beverage industry and the coffee industry took a significant hit over the last four months.
We are incredibly pleased to see salesfrom our website, wholesalers and distributors all increasing.”
The Company has received communication from several of its distributors on orders to be placed in July.
Distributors who just a few months ago received samples of the Companies CBD beverages, are beginning to
see sales increase and are now open to discussing new products like Elev8 Hemp’s CBD Infused Iced Teas. The
Company has added a sales representative in California who will begin direct distribution on the West coast
as early as next week in an effort to create a presence on the west coast in order to obtain additional
distributors.
Medico concluded, “In the coming weeks we expect to see a strong increase in sales. We have worked hard
during the past few months to get our products in front of the right people. In addition, the Company plans to
hire additional sales representatives over the next few months to help the Company expand revenues as we
continue to grow multiple distribution channels.”
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