Ladybug's Acquisition of E-Commerce Platform Set to Boost Annual Revenue by $2.5 Million, Aligning with Revenue Target for 2024
TULSA, Okla., April 03, 2024 (GLOBE NEWSWIRE) -- Ladybug Resource Group, Inc. (OTC PINK: LBRG) proudly announces, through its subsidiary Growhouse Nutraceuticals Ltd. (“Growhouse”), an initiative to broaden its digital reach in North America by acquiring the primary website of Tiny Sustainable Living Ltd. This purchase aligns strategically with Ladybug's objective to strengthen its online footprint, projecting an anticipated increase in annual revenue of approximately $2.5 million.
With a focus on acquiring unique e-commerce platforms in the health and wellness sector, the website of Tiny Sustainable Living Ltd caters to an environmentally conscious audience. Its product selection, featuring organic superfood powders, plant-based supplements, and natural wellness items, distinguishes itself through the use of organically and sustainably sourced ingredients, along with eco-friendly packaging. This strategic decision aligns with the increasing consumer demand for transparent and ethically sourced products.
Tamara Maxfield, B.A., CEO of Growhouse, reflects on this strategic move, "Integrating these e-commerce platforms is central to our expansion strategy. These acquisitions are critical for our goal of significant growth and deeper market penetration. Our management team is dedicated to achieving, and perhaps exceeding, our annual revenue goal of $25 million for this year.”
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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.
For further information, please contact:
Ladybug Resource Group Inc.
1408 S. Denver Avenue, Tulsa, OK 74119
Renmark Financial Communications Inc.
Bettina Filipone:
Tel.: (416) 644-2020 or (212) 812-7680
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