Ladybug Announces Acquisition of E-Commerce Generating $2.4 Million Annual Revenue

Rhea-AI Summary

Ladybug Resource Group, Inc. (LBRG) is focusing on revenue growth through strategic acquisitions in the health and wellness sector. The recent acquisition of Nutra55 from Lifespot Wellness Ltd. is expected to boost revenue by $2.4 million annually. CEO Tamara Maxfield highlights the company's growth trajectory and commitment to delivering value. Looking ahead to 2024, Growhouse Nutraceuticals plans to continue expanding through e-commerce asset acquisitions to achieve triple-digit growth.

TULSA, Okla., March 05, 2024 (GLOBE NEWSWIRE) -- Ladybug Resource Group, Inc. (OTC PINK: LBRG) ("Ladybug" or the "Company"), through its subsidiary Growhouse Nutraceuticals Ltd., is actively bolstering its revenue with strategic acquisitions in the health and wellness domain. The recent acquisition of https://nutra55.com from Lifespot Wellness Ltd. is a testament to this strategy.

Tamara Maxfield, B.A., CEO of Growhouse, commented on the growth trajectory, "2023 was a year of exceptional growth for us. This new acquisition is poised to substantially elevate our market position, with an estimated $2.4 million yearly revenue. It's a move that aligns with our commitment to delivering excellent value to our customers and stakeholders."

Looking forward to 2024, Tamara Maxfield emphasizes Growhouse's focus on growth and innovation. "Our ongoing discussions regarding potential e-commerce asset acquisitions are in line with our ambitious growth projections, aiming for continued triple-digit percentage increases."

In 2024, Ladybug plans to implement an aggressive strategy aimed at expanding its customer base and enriching its e-commerce offerings. Central to this strategy is acquiring assets that align with the Company’s growth objectives and enhance Growhouse’s product portfolio.

For the latest updates, please visit our websites at https://ladybugnutratech.com and https://growhousenutraceuticals.com, or follow us on social media.

About Ladybug Resource Group Inc.:
Operating as Ladybug Resource Group Inc., and doing business as Ladybug NutraTech, we are a progressive entity in the health and wellness sector. Our innovative approach to online retail, diverse product offerings, and commitment to customer and shareholder satisfaction, place us at the vanguard of the health and wellness e-commerce industry.

“Safe Harbor for Forward-Looking Statements: 

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes,” “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.” 

Contact:

Ladybug Resource Group Inc.
1408 S. Denver Avenue, Tulsa, OK 74119
info@ladybuglbrg.com
+1 918-727-7137
www.ladybugnutratech.com

Renmark Financial Communications Inc.
Bettina Filipone: bfilippone@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com

FAQ

What is Ladybug Resource Group, Inc.'s ticker symbol?

Ladybug Resource Group, Inc.'s ticker symbol is LBRG.

What recent acquisition did Ladybug Resource Group, Inc. make in the health and wellness domain?

Ladybug Resource Group, Inc. recently acquired Nutra55 from Lifespot Wellness Ltd.

How much annual revenue is the recent acquisition expected to bring to Ladybug Resource Group, Inc.?

The recent acquisition is expected to boost Ladybug Resource Group, Inc.'s revenue by $2.4 million annually.

Who is the CEO of Growhouse Nutraceuticals Ltd.?

Tamara Maxfield, B.A., is the CEO of Growhouse Nutraceuticals Ltd.

What is Ladybug Resource Group, Inc.'s growth strategy for 2024?

Ladybug plans to implement an aggressive strategy focused on expanding its customer base and enriching its e-commerce offerings through strategic acquisitions.