BOON Industries, famous for their CBD Hemp Extract Formulation H+, the first water soluble CBD solution on the market has announced a order worth over $12,000,000 for 500,000 H+ bottles for the next 14 months.
The production has started and this deal could start a chain reaction for more deals to follow. The production has started and it seems that his company is not suffering from COVID-19 and is enjoying their revenue boom!
What are they selling actually?
Each 2 ounce unit of H+ is a revolutionary new formulation that creates a truly water-soluble CBD/Hemp extract. With the increased global demand for Hemp based products, BOON has created H+, the first water soluble CBD solution that is safe, effective and can finally be incorporated into beverages on a mass scale to meet consumer demand. H+ was selected because of its ability to deliver tangible results and an experience that will keep customers coming back.
BOON Industries specializes in the development, manufacturing, and distribution of a number of water-soluble products for commercial and consumer applications. The Company currently manufactures customized “white label” products for the food and beverage, health and wellness and chemical industries.
By providing white label products, that means other companies can use BOON products with their brand on it, meaning that BOON will be attracting many companies and will likely increase their revenue by providing many companies with their first ever water soluble CBD products.
Justin Gonzalez, CEO, stated, “We have technologically advanced formulated products on the near horizon that will generate multiple revenue streams for the company. Boon has developed a conglomerate of revenue producing products that are based on proprietary formulas for consumer and commercial application. We anticipate Boon revenues to hit well over $50M over the next several years based upon our relationships with industry leaders. This will be a prosperous year for our shareholders.”
According to the graph illustrated above the quote, it seems very likely that they could attain their goal to hit over $50,000,000 revenue and we see that they could hit the requirements to be uplisted to Nasdaq in the future.
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