World High Life PLC. (OTCQB: WRHLF) an investment company with a strategic focus to acquire companies operating CBD merchandise has confirmed its London based CBD brand, Love Hemp Limited has begun construction of a new production facility. The company is a perfect recipe for success as an acquisition target. It is well-coordinated, responsive, and has a promising future in the industry- this makes it an ideal target for the World High Life investment portfolio.
Recently, the CEO confirmed that between June and July this year there was a tremendous growth of 57% in sales. The increase in sales will further enable the company to have a rise in productions by 400%. Construction of a 13,500 – square feet facility has commenced and will further see the provision of better storage facilities and production capacity. This means the production of cannabidiol oils, capsules, and beauty products will grow from the company’s current 8000 units per day to 43,000.
Love Hemp CEO, Tony Calamita confirmed that this investment will ensure that the company can meet the increasing demand for CBD products by consumers. The new facility will provide a conducive environment that is safe for all its workers as work volume increases. The new unit has already commenced operations and ready for busy months ahead. Calamita further said that the new partnership focuses to build stronger online sales presence, drive sales growth, and reach out to more potential customers. The company plans to expand the company’s geographical market presence leading to the future growth of the business not only in the UK but also internationally. Having an international presence will mean more business opportunities for the company. Calamita is hopeful in venturing into more CBD products according to customer’s demands to bring in more business in the future.
