Ladybug Expands E-Commerce Portfolio with Acquisition, Foresees $2M+ Revenue Surge

Rhea-AI Summary

Ladybug Resource Group, Inc. (LBRG) announces the acquisition of an e-commerce website catering to new mothers, expecting significant revenue growth. The acquisitions are projected to increase revenues by $2.4 million and $4 million, with a forecasted total revenue exceeding $25 million for 2024. The new offerings focus on postnatal health needs, including supplements for recovery, lactation support, energy revitalization, and stress management.

TULSA, Okla., March 20, 2024 (GLOBE NEWSWIRE) -- Ladybug Resource Group, Inc. (OTC PINK: LBRG), a leading name in health and wellness, is thrilled to announce its subsidiary, Growhouse Nutraceuticals Ltd. (“Growhouse”), has acquired the flagship e-commerce website from Vitawin Supplements Ltd.

The company made significant announcements on March 5, 2024, and March 12, 2024, unveiling acquisitions anticipated to generate revenues of $2.4 million and over $4 million, respectively. The latest acquisition, specifically tailored to cater to the needs of new mothers, is forecasted to result in an annual revenue increase surpassing $2 million. These strategic acquisitions are poised to quadruple the company's revenue for 2024 compared to the previous year. With these acquisitions, the company remains confident in achieving or surpassing the $25 million revenue mark for 2024.

This new acquisition caters to postnatal health needs, providing a range of supplements tailored to aid recovery following childbirth. Offerings include multivitamins enriched with iron and calcium, support for lactation in breastfeeding mothers, as well as solutions for energy revitalization and stress management. Explore further details at https://www.purelypregna.com.

Tamara Maxfield, B.A., CEO of Growhouse, expressed, "This acquisition reflects our strategy to acquire niche e-commerce platforms, expanding our market share significantly. We're poised for substantial growth, and these acquisitions are key to our market expansion efforts."

In 2024, Ladybug remains dedicated to enhancing its market presence and e-commerce capabilities. This growth plan involves strategic acquisitions aligned with Growhouse's product enrichment objectives, enhancing the customer experience across all online assets.

Stay updated with our latest news at https://ladybugnutratech.com or follow us on social media.

About Ladybug Resource Group Inc.

Ladybug Resource Group Inc., operating under Ladybug NutraTech, leads the health and wellness e-commerce sector with innovative strategies, diverse product offerings, and a commitment to customer and shareholder satisfaction.

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.”

For further information, please 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 the ticker symbol for Ladybug Resource Group, Inc.?

The ticker symbol for Ladybug Resource Group, Inc. is 'LBRG'.

What acquisitions did Growhouse Nutraceuticals make recently?

Growhouse Nutraceuticals acquired the flagship e-commerce website from Vitawin Supplements , focusing on postnatal health needs for new mothers.

How much revenue is Ladybug Resource Group, Inc. expecting from the recent acquisitions?

Ladybug Resource Group, Inc. anticipates generating revenues of $2.4 million and over $4 million from the recent acquisitions, with a forecasted total revenue exceeding $25 million for 2024.

What type of products are included in the new acquisition for new mothers?

The new acquisition offers supplements for postnatal health, including multivitamins with iron and calcium, lactation support, energy revitalization, and stress management solutions.

Who is the CEO of Growhouse Nutraceuticals ?

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