White Label Liquid, Inc. Reports Fiscal Year 2018 Financial Results: Revenues Top $7 Million, Greatly Exceeding Previous Year's
11 Abril 2019 - 9:00AM
InvestorsHub NewsWire
White Label
Liquid, Inc. Reports Fiscal Year 2018 Financial Results: Revenues
Top $7 Million, Greatly Exceeding Previous Year's Revenues by Over
$5
Million
Company
continues to prove profitable for shareholders with 250 percent
year-over-year increase in revenues
Daytona Beach, FL
-- April 11, 2019 -- InvestorsHub NewsWire
-- White Label Liquid, Inc. (OTC Pink:WLAB)
("the Company"), a leading provider of premium
private-label services for the cannabis
industry, reported fiscal year 2018 financial results, with the
Company recording revenues of $7,006,110. That number greatly
exceeded by over $5 million the revenue reported for 2017,
demonstrating the Company's profitability with a 250 percent
year-over-year increase in revenue earned.
The Company
believes that the strong end-of-the-year results further position
it to be a reliable partner to those seeking to be successful in
the burgeoning CBD industry throughout 2019 and beyond.
"We had a great
year, but it's only just the beginning," said White Label Liquid
CEO Yaron Elkayam. "These numbers reflect not just the hard work of
our partners all along our supply chain; they are also a reflection
of the growing strength of the CBD industry."
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.
(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 vital reasons why experts estimate 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 by 2025.
"We know that to be the best in any industry, you have to continue
to grow and innovate. I am confident that our team will build on
the recent investments that we've made in our state-of-the-art
manufacturing, logistics, and production capabilities and deliver
even better figures for 2019."
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.
CONTACT:
White Label Liquid,
Inc.
386-222-3840
info@whitelabelliquid.com
White Label Liquid (CE) (USOTC:WLAB)
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