White Label Liquid, Inc. (OTCMKTS:WLAB) stock is going well this year with a gain of over 75% since the beginning of this year. Let’s analyze the recent developments about the company.
Florida based hemp-based CBD oil company White Label Liquid has established itself as one of the leading suppliers of customer mad CBD oil products to a range of big-ticket companies over the past few years.
White Label Liquid has considerable production capabilities and can churn out as many as 50,000 units per day. In addition to the largest cannabis companies, it also supplies to dealers, distributors, and stores all across the world.
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Financial Results
On 11 April this year, the company announced its financial results for 2018 and the numbers were highly encouraging. The company generated revenues of $7,006,110 and it topped its 2017 revenues of $5 million by a significant margin. The rise reflected a year on year rise of 250% and demonstrated the fact that the company has continued to grow at a fast clip.
However, in this regard, it is also necessary to keep in mind that White Label has continued to raise its range of offerings and back on 25 March this year, the company announced that it is going further expand its range of CBD oils. The move is particularly important since CBD oils are the fastest growing niche in the hemp market and White Label is determined to be one of the biggest players in that segment.
New products will include CBD infused olive oils, honey tinctures and much more. The CBD oils market is expected to be worth $22 billion at some point and White Label wants to capture a major chunk of it.
Varied Line Of CBD Products
Earlier on in March, on the 19th to price, it came to light that White Label provides the most varied line of CBD products to its clients. At this point in time, the CBD market has grown into a behemoth with a customer base of 10 million. White Label continues to be the main supplier for most resellers, who take White Label’s products and then sell it under their own label.
