More Acquisitions on Horizon for Ladybug’s Growing E-Commerce Revenue Model

Rhea-AI Summary

Ladybug Resource Group, Inc. (LBRG) is expanding its e-commerce revenue model through strategic acquisitions, with Growhouse Nutraceuticals eyeing 'Your Supplement Supply Store 's' primary website. This move is projected to add $2.25 million in annual revenue by targeting the health and wellness sector, specifically Yoga and Pilates enthusiasts. The acquisition aligns with Ladybug's growth strategy to enhance its online presence and market share in the industry.

TULSA, Okla., April 16, 2024 (GLOBE NEWSWIRE) -- In Tulsa, Oklahoma, on April 16, 2024, Ladybug Resource Group, Inc. (OTC PINK: LBRG) announced that the company is making strategic moves in the e-commerce space, with its subsidiary Growhouse Nutraceuticals Ltd., eyeing the acquisition of ‘Your Supplement Supply Store Ltd.'s’ primary website. This acquisition aims to bolster Ladybug's online footprint and is projected to generate an additional $2.25 million in annual revenue.

Growhouse's focus on acquiring unique e-commerce platforms in the health and wellness sector aligns with the target market of Your Supplement Supply Store Ltd., which caters to Yoga and Pilates enthusiasts. The Supply Store offers a range of products tailored to support flexibility, core strength, and relaxation, including joint health supplements, omega-3 fatty acids for muscle recovery, and magnesium for muscle relaxation. Moreover, the Supply Store's emphasis on holistic health supplements resonates well with the Yoga and Pilates community.

Tamara Maxfield, CEO of Growhouse, emphasized the significance of these acquisitions in the company's growth strategy. By integrating such e-commerce platforms, Ladybug aims to achieve substantial growth and enhance its market presence in the health and wellness industry. Ladybug Resource Group, Inc. is poised to continue its expansion in the e-commerce realm. The company's subsidiary, Growhouse Nutraceuticals Ltd., is actively pursuing additional acquisitions to fortify Ladybug's presence in the online marketplace.

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About Ladybug Resource Group Inc.

Ladybug Resource Group Inc., operating under Ladybug NutraTech, is a making great strides to be a leading player in the health and wellness e-commerce sector. With innovative strategies, diverse product offerings, and a commitment to customer and shareholder satisfaction, the company remains at the forefront of its industry.

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

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.

 

FAQ

What did Ladybug Resource Group, Inc. (LBRG) announce on April 16, 2024?

Ladybug Resource Group, Inc. (LBRG) announced strategic moves in the e-commerce space, with its subsidiary Growhouse Nutraceuticals eyeing the acquisition of 'Your Supplement Supply Store 's' primary website.

How much additional annual revenue is projected from the acquisition?

The acquisition is projected to generate an additional $2.25 million in annual revenue for Ladybug Resource Group, Inc. (LBRG).

What is the focus of Growhouse Nutraceuticals in terms of acquisitions?

Growhouse Nutraceuticals focuses on acquiring unique e-commerce platforms in the health and wellness sector.

What products does 'Your Supplement Supply Store ' offer?

'Your Supplement Supply Store ' offers products tailored to support flexibility, core strength, and relaxation, including joint health supplements, omega-3 fatty acids, and magnesium.

How does the acquisition align with Ladybug's growth strategy?

The acquisition aligns with Ladybug's growth strategy to enhance its market presence in the health and wellness industry by targeting the Yoga and Pilates community.