Over $1 Billion Valuation Around the Olive Trees with Olive Tree People and Oliveda International, Inc. (OLVI)
Rhea-AI Summary
Oliveda International (OLVI) announced that its subsidiary Olive Tree People has achieved a valuation exceeding $1 billion within two years of operations. The waterless beauty company, founded by CEO Thomas Lommel in Venice Beach, grew from 40 daily orders in March 2023 to approximately 10,000 orders per day within months. The company reported over $100 million in sales during its first two years, with stock valuation temporarily reaching $3 billion before stabilizing at over $1 billion.
The rapid growth led to significant operational challenges, including managing increased product demand and scaling production by up to 3,000%. The company plans further expansion into Canada in summer 2025 and Europe in October 2025. Olive Tree People offers a 365-day satisfaction guarantee and positions itself as a leader in the waterless beauty segment.
Positive
- Explosive growth from 40 to 10,000 daily orders within months
- Over $100 million in sales achieved in first two years
- Company valuation exceeding $1 billion, with peak at $3 billion
- Successful production scaling up to 3,000%
- Planned expansion into Canada and Europe in 2025
Negative
- Significant operational challenges with inventory management and stockouts
- Logistics difficulties in managing product shipments from Germany to US
- Frequent product stockouts and substantial backorder lists
- Heavy reliance on German manufacturing requiring international shipping
News Market Reaction 1 Alert
On the day this news was published, OLVI declined 2.44%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Olive Tree People started in Venice Beach, in the garage of Oliveda and Olive Tree People founder and CEO Thomas Lommel in March 2023 with around 40 orders a day and then exploded to up to 10,000 orders a day within a few months.
Mr. Lommel said, "Those were extremely challenging times because, despite moving from my garage to our first warehouse in
"Thanks to a fantastic team, we mastered these extremely challenging times with excellence and now have enough space in our current warehouse to multiply our two-year sales of over
"This hypergrowth naturally also had an impact on the price of our OLVI shares. The company was temporarily valued at over
When asked about future developments, Mr. Lommel stated, "It wasn't my goal to achieve a valuation of over
"2025 is another challenging year in which we will continue to grow and expand to
About Oliveda International, Inc.
Oliveda International, Inc. and its subsidiary, Olive Tree People Inc., as well as the European companies, Olive Tree People Europe AG and Oliveda Deutschland GmbH, as well as Olive Tree Farmers SL, were founded by the German real estate investor Thomas Lommel and have more than 20 years of experience in management and organic certification growing mountain olive trees, in the extraction of first-class, internationally award-winning extra virgin olive oils, the extraction of hydroxytyrosol, and in the production and distribution of cosmetic and holistic waterless products related to the olive tree. Lommel is the inventor of the Olive Tree Therapy 10 years in 14 days as well as the inventor of olive matcha, which is based on the ground olive leaf. Also unique is the coffee replacement developed by Lommel, which is based on olive leaf and hydroxytyrosol. In addition, Lommel is successfully active in the rapidly growing mindfulness industry with the olive tree sound bath meditation he developed and the frequencies of his olive trees, which he makes available worldwide.
In addition to the registered beauty brands, Oliveda and LA Dope, as well as Re:connected to Nature, The Intuition of Nature, and Olive Mush, to name just a few brands, Lommel is the region's largest conservationist and protector of over 30,000 one-hundred-year-old mountain olive trees, and, with his Thomas Lommel Foundation, he brings the water that he does not use into his waterless beauty products to the people of
In addition to online sales and a Europe-wide branch network of thousands of retail stores, Oliveda Deutschland GmbH operates its own flagship stores in
The brand's treatment concepts are unique worldwide, and their effectiveness has been confirmed by conventional medicine. Read our book The Olive Tree Therapy 10 Years in 14 Days. Waterless beauty has been called "The Next Big Thing" in articles in
Forward-Looking Statements
This press release may contain statements, estimates or projections that constitute "forward-looking statements" pursuant to the safe harbor provisions of the
Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties, which may be found in the Company's filings with OTC Markets Group Inc., that could cause actual results to differ materially from the Company's historical experience and present expectations or projections. Investors should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company expressly disclaims any obligation or intention to publicly update or revise any forward-looking statements unless otherwise required by law.
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SOURCE Olive Tree People