ELEV8 BRANDS In (OTCMKTS:VATE) reported that Elev8’s Hemp Coffee is now available and approved for consumers with Amazon Prime accounts. The product is officially fulfilled by online retailer Amazon following Elev8 Hemp Tea last month. Fulfillment by Amazon will offer cheaper and quicker delivery times permitting for increased penetration in the web market.
Ryan Medico, the CEO of Elev8, expressed that they are thrilled to now launch Elev8 Hemp Coffee on Amazon platform. With both tea and coffee on Amazon Prime they are able to lower costs and at the same time assist remove unrequired shipping costs to the customer. Keynote speakers that participated in the Internet Retailers Conference & Exhibition had some remarkable statistics about Amazon.
The report stated that four out of every $10 consumed on online platform in the United States is with Amazon. The 80% of web growth is recorded from Amazon sales. Presently, there are around 80 million Amazon Prime members, marking 64% of households in the United States Forbes.com
Medico added that it’s remarkable to see all the promising feedback on their Premium Hemp Brand. Since their Hemp Tea was introduced and was made available on Amazon Prime last month, they have recorded a spike in revenue by more than 500% from the preceding 30 days.
In unrelated news, Elev8 reported that in a collaborative initiative with Kona Gold Solutions Inc (OTCMKTS:KGKG) will participate in a program during Miami’s Art Week. This event will get premium hemp offerings to all visitors of Art Week and demonstrate new product introduces from both firms: Highdrate Cannabidiol Waters and Hemp Tea, of Kona Gold and Elev8, respectively. An earlier release incorrectly stated that Kona Gold and Elev8 were sponsors of the Art Basel event. Both firms regret any confusion led by the prior announcement.