Elev8 Hemp launches single serve hemp coffees
Elev8 Brands, a holding company focused on the commercial development of hemp and cannabinoid-infused beverages along with an array of CBD topicals and tinctures, has announced a new hemp infused single serve coffee as well as advancement into CBD whole bean coffee.
Elev8 Hemp, LLC is eager to expand its coffee presence into the single serve market and the roll out will begin in October with its House Blend and Pumpkin Spice hemp coffees. The remaining flavors will be introduced in the middle of the fourth quarter.
Ryan Medico, CEO of Elev8 Brands said: “It was always our plan to expand into the single serve market. As exciting as this is, we are also very pleased to be creating a CBD infused whole bean coffee. We plan to enter as many areas with coffee and tea as possible and this was an integral piece that we were missing. We plan to have this product available by November.”
Elev8 Hemp’s revenues year over year is currently over 85% growth rate. The introduction of its CBD whole bean coffee, hemp infused single serve coffees and the expansion of the ready to drink CBD infused beverages are just a few of the reasons the company has forecasted revenues of $400,000 in the fourth quarter. Elev8 Hemp’s network currently consists of 18 distributors throughout 12 states.
Medico said: “In the third quarter we made some significant changes to our brand across the board. We took the time to do this now so we will be prepared for the next several years of growth. Its is very exciting to see multiple new products coming out of Elev8 Hemp in the upcoming months as we will see all our hard work come to fruition.”
About Elev8 Hemp, Inc.
Elev8 Hemp’s mission is simple: craft the highest-quality, organic hemp products for consumers in search of a healthier, happier lifestyle. It sources organic hemp protein powders—naturally full of powerhouse amino acids and Omegas-3, 6, and 9—to infuse coffee and tea with an abundance of minerals, vitamins, antioxidants, and fiber.