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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