Over 2.8
Million in Sales on First Quarter of
2019
for
White Label
Liquid, Inc. (WLAB)
Pace of
Revenues Greatly Exceeds that in 2018
Daytona
Beach, FL -- June 5, 2019 -- InvestorsHub NewsWire
-- White
Label Liquid, Inc. (OTC Pink: WLAB)
("the Company"), a leading provider of premium private-label
services for the CBD industry,
reported that the
Company's revenues
reached
over
$2.8
Million for the first quarter
of 2019, greatly
exceeding
the pace of revenues in 2018 wherein full year revenues
were
$7,006,110.
"We are
very pleased with the Company's performance coming into 2019. We
are confident that the momentum being created here positions us for
a strong year," said White Label Liquid CEO Yaron
Elkayam.
Researchers
BDS Analytics
and
Arcview
Market Research
project
the collective market for CBD sales in the U.S. will surpass $20
billion by 2024. This figure is a slight increase from the
recent forecast
made by New York-based investment bank Cowen & Co, which
estimated that the market could pull in $15 billion by
2025.
White Label Liquid's expert team
provides businesses looking to enter the CBD space with a variety
of private label, hemp-derived CBD products to help them meet and
exceed a broad range of their customer needs and desires. The
Company recently announced that it had moved into a new
51,000-square-foot, all-in-one operations facility to manufacture
CBD in-house, using industry standard, "good manufacturing
practices" ("GMP"). White Label Liquid, Inc. offers business
owners cutting-edge solutions with CBD products that are available
in over 20 categories and 300 SKU's.
Growing
mainstream acceptance for organic products, along with
industry-supporting government legislation, and increased consumer
demand are vital reasons why experts estimate that the American
hemp-derived CBD market will continue to grow
rapidly for
the
next several
years.
About White Label Liquid, Inc.:
White Label Liquid
is a leading one-stop manufacturing services
company
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.
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.
CONTACT:
White Label
Liquid, Inc.
386-222-3840
info@whitelabelliquid.com