White Label Liquid to Report Significant Increase in Revenues for 2018, Greatly Exceeding Previous Year's Financial Results of Over $2 Million
Rapid growth of the Company reflected in expanded new facilities, products, and services
DAYTONA BEACH, Fla., March 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Executives at White Label Liquid, Inc. (OTC Pink: WLAB) ("the Company"), a leading provider of custom-blended hemp-derived products, today announced that it will report greatly increased revenues and other year-over-year performance metrics for 2018 at the end of the month. The Company showed a significant increase in revenues for 2018, exceeding the over $2 million in financial results reported for 2017. Such sturdy financials further position the Company to be a strong, reliable partner to those seeking to be successful in the burgeoning CBD industry.
"The hard work of our staff over the last two years has really helped position White Label Liquid as an expert partner for companies in the CBD business," said White Label Liquid CEO Yaron Elkayam. "The proof is not just in our immediate revenues and profits, but also in our state-of-the-art manufacturing, logistics, and production capabilities that have allowed us to meet or exceed a broad range of customer needs and wants."
(Click here to see a video of White Label Liquid's manufacturing operations and learn more about the Company).
Growing mainstream acceptance for organic pain-relieving products, along with industry-supporting government legislation, and increased consumer demand are key reasons why experts are estimating that the American hemp-derived CBD market will grow to $22 billion within the next three years. Moreover, the overall global cannabis industry is expected to reach $146.4 billion as early as 2025.
The Company, which recently unveiled a new streamlined website and a 51,000-square-foot all-in-one operations facility, offers cutting-edge solutions for CBD manufacturing, packaging, and private labeling for an array of products in over 20 categories and 300 SKUs. Their CBD is manufactured in-house, using industry standard, "good manufacturing practices" ("GMP") and state-of-the-art highest-quality assurance testing in the business.
About White Label Liquid, Inc.: White Label Liquid is a leading one-stop manufacturing service providing premium custom-blended products containing hemp-derived CBD oil, all of which are sold to a wide variety of companies including major and small brands, chain stores, vape shops, distributors and dealers worldwide. The Company has the capability to produce up to 50,000 units per day in various packaging sizes and shapes using custom labels and customized presentation packaging. It merged last year with the former Simply Innovative Products, Inc. to create a publicly-traded company under the White Label Liquid, Inc. name, dedicated to sharing its veteran industry expertise for the benefit of customers and shareholders alike.
Safe Harbor Statement: This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words "estimate", "project", "intend", "forecast", "anticipate", "plan", "planning", "expect", "believe", "likely", "should", "could", "would", "may" or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company's actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company's ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company's operating history and resources, economic, competitive, and equity market conditions.
White Label Liquid, Inc.