Ladybug Targets Growth with Acquisition of Two E-Commerce Sites, Anticipating $4M+ Annual Revenue Boost
TULSA, Okla., March 12, 2024 (GLOBE NEWSWIRE) — Ladybug Resource Group, Inc. (OTC PINK: LBRG), a leading health and wellness company, is excited to announce through its subsidiary, Growhouse Nutraceuticals Ltd. (“Growhouse”), its plans to expand its North American digital footprint.
Growhouse is poised to acquire the flagship website of Plant Power Athletics Inc., marking a strategic move to expand its online presence. Furthermore, negotiations are underway for the acquisition of the primary website of Task Enhancers Ltd. These forthcoming planned acquisitions are anticipated to be transformative for Ladybug’s digital portfolio, projecting a substantial annual revenue increase of approximately $4 million.
In 2024, Ladybug is committed to increasing its market share and boosting its e-commerce prowess. This growth strategy includes plans to continue to acquire strategic assets that complement the company’s growth objectives, while enriching Growhouse’s products. These initiatives are in alignment with the company’s continuous commitment to enhancing the customer experience across all Growhouse online assets.
The company’s management remains committed to reaching or exceeding the goal of $25 million in revenue for the calendar year.
Tamara Maxfield, B.A., CEO of Growhouse, highlights the company’s growth plans, “Our efforts to secure these e-commerce platforms are crucial to our strategy. We’re on course to achieve substantial growth, and these acquisitions are instrumental in our pursuit of significant market expansion.”
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About Ladybug Resource Group Inc.
Ladybug Resource Group Inc., operating under Ladybug NutraTech, is at the forefront of the health and wellness e-commerce industry. Known for its innovative online retail strategies, diverse product selection, and commitment to customer and shareholder satisfaction, Ladybug stands as a leader in its field.
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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
