-Growhouse and Lifespot Wellness Discuss Asset Purchase Options-
TULSA, OK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire –Ladybug Resource Group, through its subsidiary Growhouse Nutraceuticals, is positioning itself for growth through increased revenues, a solid revenue model, and strategic acquisitions in the health and wellness industry. The potential acquisition of assets from Lifespot Wellness Ltd. is part of their plans to expand and strengthen their presence in the e-commerce nutraceutical business.
The Company will support strategic plans for 2024 with acquiring assets to excel growth of their customer base and e-commerce product line. Growhouse is in discussions with Lifespot Wellness Ltd. to acquire certain e-commerce assets in their nutraceutical business. The acquisition is seen as a means to fuel Growhouse revenues and increase the overall active customer base. Lifespot currently has quarterly revenues of $160,000 for 2023. Once the asset acquisition is complete, Growhouse projects quarterly revenues of $1M, an increase of 20%.
Mr. Fetzer, Chairman and CEO, stated, “Ladybug Resource Group continues to make strides for the year-end 2023 with increased revenues and a sound revenue model in the health and wellness industry. With its first subsidiary, Growhouse Nutraceuticals, demonstrating that its business and management team is successful through increasing revenues and expanding its customer base for their e-commerce platform.”
Stay updated with the latest announcements by visiting our websites at https://ladybuglbrg.com, https://growhousenutraceuticals.com or via our social media channels.
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.
Company Contact:
Alan K. Fetzer, Chairman and CEO
Ladybug Resources Group Inc.
1408 S. Denver Avenue, Tulsa, OK 74119
+1 918-727-7137
info@ladybuglbrg.com
