TULSA, OK, Oct. 03, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Ladybug Resource Group, Inc.; (OTC PINK: LBRG)(“Ladybug” or the “Company”), announces that the company has acquired Growhouse Nutraceuticals Ltd.. https://growhousenutraceuticals.com.
Growhouse Nutraceuticals Ltd. is a sports nutrition and nutraceutical supplement company offering supplements for use in Functional Medicine, utilizing sports nutrition and nutraceutical supplements giving a wide variety of products, brands, at affordable prices to its consumer base. Rowhouse Nutraceuticals core product lines are pre-workout supplements and organic supplements that support health and well-being.
Growhouse Nutraceuticals Ltd. reported revenues of $2.7 million for the year ending December 31, 2022, and revenue growth of $2.4 million through July 30, 2023.
CEO Alan Fetzer stated, "Growhouse, proprietary MACH scaling architecture, customer service, retention, and superior quality products will continue to drive dynamic revenue growth. Ladybug Resource Group acquisition of Growhouse Nutraceuticals Ltd. and its management team marks a key next step to achieve the best result for our shareholders."
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.
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Company Contact
Alan K. Fetzer, Chairman and CEO Ladybug Resources Group Inc.
1408 S. Denver Avenue Tulsa, OK 74119
www.ladybuglbrg.com
+1 918-727-7137
info@ladybuglbrg.com
