Tuesday, June 14, 2016

Laguna Blends, Inc. (LAGBF) Generates $105,000 in Unaudited Sales in First 11 Weeks

Before the opening bell, Laguna Blends, Inc. (OTC: LAGBF) gave investors some insight into the strong performance of its network of independent affiliates since commencement of operations on March 7, 2016. During the 11-week period ended May 31, the company’s existing network of affiliates in the United States and Canada accounted for $105,000 in unaudited sales, according to this morning’s news release, highlighting an impressive reaction to Laguna’s affiliate business opportunity, as well as its innovative, hemp-based products. Moving forward, the company will look to build on this progress, capitalizing on the rapid expansion of its affiliate network, which surpassed 700 members in April of this year.

“Laguna’s first eleven weeks of pre-launch shows a great deal of promise in respect to Laguna Blends’ long term business potential,” Ray Grimm Jr., president of Laguna Blends, stated in this morning’s news release. “Laguna has exceeded its internal sales goals. This indicates that Laguna is on track with its long term sales growth strategy.”

The quality and marketability of Laguna’s initial products will play a key role in the company’s success throughout the balance of the year and beyond. With a focus on the nutritional benefits derived from hemp, Laguna’s first products to market include Caffe and Pro369. Caffe is an instant hot coffee beverage that’s infused with two grams of whey and hemp protein in every serving. Pro369 is a single serving, water soluble hemp protein that comes in four delicious flavors and can be mixed with water, milk, smoothies and a number of other beverages. Laguna’s management team is confident in the marketability of these offerings, as explained by Grimm.

“[T]here were a lot of product re-orders from March to May from the existing affiliates which is very encouraging,” he stated, “Seeing a high re-order rate further indicates Affiliates and customers are having a positive product experience and that there is a strong demand for the Laguna products.”

Laguna’s future growth will be led by a seasoned management team with decades of experience in the direct sales space. In May, the company strengthened its management team through the appointment of Ray Grimm Jr. to the position of president. Grimm brings more than a quarter century of experience building some of the most successful top nutritional weight loss companies in direct sales history. In total, he’s played a role in building three such companies that exceeded $50 million in sales within their first five years, as well as founding one of the fastest growing weight loss brands ever developed, which produced $10 million in sales during its first year.

For more information, visit www.lagunablends.com

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