Italian Food & Beverage Corp. (OTC-IFBC) is considering launching a new line of CBD-infused canned coffee, building on its existing consumer beverage portfolio. This initiative aligns with its current product offerings, including energy drinks and CBD water, positioning IFBC in a rapidly growing market expected to reach $22 billion by 2022. Chairman Dino Luzzi expressed enthusiasm, noting that the new product could enhance shareholder value. The company also highlights the benefits of CBD, including anxiety relief and chronic pain management, supported by scientific research and recent legalization under the US Farm Bill.
Italian Food & Beverage Corp. (OTC-IFBC) is nearing completion of its stock retirement and cancellation program, retiring 2,491,000 B Preferred shares and 16 million Common shares. The chairman, Dino Luzzi, emphasizes a commitment to enhancing shareholder value. Despite revenue impacts from the Covid-19 pandemic, IFBC has expanded its customer base and launched a successful marketing campaign for its Energy Drink. The company is gaining endorsements from sports figures, reinforcing its brand image during challenging times.
Italian Food & Beverage Corp. (OTC-IFBC) reported a notable growth in the last quarter, with a 300% increase in retail and wholesale accounts for its energy drink, Dino Luzzi, since June 2020. The company attributes this success to effective promotional efforts and endorsements from renowned sports figures. Enthusiastic consumer response has led to organized tastings, boosting sales and foot traffic for retail partners. Forward-looking statements in the release indicate potential risks and uncertainties regarding future operations and product development.