NEWS!
Ladybug Resource Group (OTC: $LBRG) Sets 120MM Annual Revenue Trajectory
Already Proven 5MM Business Model Set to Expand
TULSA, OK, Oct. 17, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Ladybug Resource Group, Inc. (OTC PINK: LBRG), announces that the Company's subsidiary, Growhouse Nutraceuticals Ltd, projects an annual revenue of $120 million by year 5 based on their market research analysis and growth strategy.
Alan Fetzer, CEO, states, “Growhouse Nutraceuticals, Ltd is uniquely positioned to take advantage of the global shift towards health and wellness. As a Ladybug subsidiary, Growhouse Nutraceuticals already has a successful fulfillment e-commerce and direct marketing market. The key to Growhouse's success lies in its ability to leverage technology and implement new business models that address these challenges head-on. By staying attuned to consumer demands, regulatory changes, and technological advancements, Growhouse can stay ahead of the curve and remain a leader in the industry.”
Tamara Maxfield, CEO of Growhouse Nutraceuticals Ltd, adds, “Since inception in 2022, Growhouse has achieved remarkable success, generating over 5 million in revenue. In the fast-paced and ever-evolving world of health and wellness, Growhouse has built an exceptional team, identified key acquisitions in niche markets, and crafted a strategic blueprint that sets the stage for an impressive achievement: reaching a monthly revenue of 10 million dollars, all while maintaining a robust 20% EBITDA margin within just five years. Given that 99% of our sales and success has come from direct marketing, we are excited that our future is to continue and expand efforts in e-commerce platforms.”
A central component of the company growth strategy is the intellectual property of the cutting-edge NutraBuddy platform, powered by advanced artificial intelligence, a technology being developed to revolutionize the health and wellness sector. The platform will provide customers with tailored solutions that meet their unique needs through a holistic wellness experience that distinguishes Growhouse from the competition. Nutraceuticals, a portmanteau of "nutrition" and "pharmaceuticals," refer to products derived from food sources that provide extra health benefits beyond the essential nutritional value found in foods. They can include dietary supplements, functional foods, medicinal foods, and farmaceuticals. With the growing global interest in health and wellness, the market for nutraceuticals has been expanding. Services and products can be accessed via our concierge services by visiting our website and submitting contact info for 24-hour response.
Alan Fetzer, CEO, concludes, “Over the next 12 months, the Company will increase its platform to offer advancements in technology and data collection, e-commerce platforms offering subscription models, products with clean labels, minimal ingredients, and precise sourcing, plant-based and organic supplements, tapping into markets where they might not have a physical presence, offering better prices to consumers and gaining more control over branding and customer experience, e-commerce platforms can offer better product recommendations, predictive replenishments, and more personalized shopping experiences.”
