Savage Enterprises, Manufacturer of Hemp Products and E-Liquids, Reports 100% Quarter-Over-Quarter Revenue Growth
IRVINE, CA / ACCESSWIRE / October 11, 2021 / Savage Enterprises (“Savage”), an industry leader in hemp-derived cannabinoid infused products and e-liquids, today announced that during the third quarter of 2021, it achieved 100% quarterly growth of its unaudited revenue of $ 20,048,764, up from approximately $ 10,000,000, up from $ 5,262,603 ââin the first quarter, primarily driven by the growth of its award-winning brand of hemp products Delta Extrax , under which Savage sells delta-8-THC, delta-9-THC, delta-10-THC, THC-P, THC-O, HHC and other emerging cannabinoid products.
Christopher G. Wheeler, CEO of Savage Enterprises, commented: âIt has been a great year for Savage, and we are very pleased with the growth of our unaudited revenue to $ 8,512,421 in September from $ 6,825,896 in August. and $ 4,710,447 in July. We expect to see our sales continue to grow in the fourth quarter as we have a number of product launches planned for the remainder of the year. Our team is working diligently to create innovative and exceptional products and I believe the growth in 2021 has been built on the backbone of these products. Overall, we expect our numbers to continue to grow and distributors nationwide can expect us to receive exceptional products very soon. “
Savage’s astonishing quarterly revenue growth can be attributed to the success of its Delta Extrax brand, which has consistently introduced innovative cannabinoid infused products derived from hemp in 2021. Savage’s growth can also be attributed to its successful efforts in the e-liquid, CBD and kratom markets, businesses in which Savage is actively involved in parallel to the development of its Delta Extrax brand.
Matt Winters, CFO of Savage, added, âSince the start of 2021 we’ve seen our revenues grow exponentially and it’s amazing to see this trend continue until the end of 2021. We have spent a lot of time. time and energy in strategizing. and develop these new versions which are expected to launch in the fourth quarter of 2021. Overall, I think these new products will be a catalyst to further increase our quarterly revenues and end the year on a high note. It is an exciting time for Savage and we are excited to introduce more top quality products. “
This announcement follows a series of new product launches under Savage’s flagship brand, Delta Extrax, which introduced many new products containing emerging cannabinoids such as delta-8-THC, delta-9-THC, delta-10 -THC, THC-O, THC-V, HHC and others. Savage plans to continue expanding its product catalog in the fourth quarter with the release of new products combining unique cannabinoids that have yet to be established in the market.
About Savage Enterprises
Based in Irvine, Calif., Savage Enterprises was founded in 2014 by co-owners Christopher G. Wheeler and Matt Winters with the vision to bring innovation to the counterculture space. Savage is committed to improving the community it serves by providing superior, consumer-centric, cost-effective products that are third-party lab tested with quality assurance, consistency and traceability. Savage’s goal is to set the benchmark for quality and assurance in the industry. Under his Delta Extrax brand, Savage Enterprises sells cartridges, disposables and tinctures with delta-10-THC, infused delta-8-THC shots, cartridges, concentrates, disposables, edibles, infused hemp flowers at delta-8-THC, pods, tinctures, THC- Products O, HHC, THC-V and THC-P. Under Wild CBD , Savage sells CBD cartridges, disposables, edibles, tinctures, topicals, vape juice, and CBD for pets. Under its brand Vape 100, Savage produces e-liquids infused with nicotine. Under its Zen Panda brand, Savage sells various kratom and kava products. Savage also sells disposable nicotine vapers. The Savage team is currently developing at least three other supplement products, as well as innovative devices for the use of marijuana. Savage Enterprises also owns 46% of MKRC, 51% of RJMC Brands, LLC, 6% of AAA, LLC and 33% of Remediez. For more information on Savage Enterprises, please visit www.SavageEnterprises.com.
Caution regarding forward-looking statements
Certain statements contained in this document are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes the acquisition, financing, revenue growth, profitability and product strategies, plans and expectations of Savage Enterprises, Premier Greens LLC and MKRC Holdings, LLC. These forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that may cause or contribute to the actual results of merger plans, financing plans, operations. or the performance or achievements of such companies differing materially from those expressed or implied by forward-looking statements. These companies do not undertake to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in these forward-looking statements due to certain other factors.
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