Oliveda International (OTC: OLVI) Subsidiary Generates Over $100 Million in Revenues
As the trading week begins, there are some companies that are going to get more attention than others, and one of those could be Oliveda International Inc. (OTC: OLVI). The company was in sharp focus yesterday after it made an announcement about the strong performance from its subsidiary unit Olive Tree People Inc.
Strong Performance
The company announced that Olive Tree closed out its second year of operations in the United States with sales of more than $104 million. However, more importantly, that figure reflected growth of a staggering 1700+% from the previous year. The performance made Olive Tree the fastest-growing entity in the waterless beauty segment worldwide. In fact, the growth trajectory made it a faster-growing entity than Jennifer Lopez’s JLo Beauty or Hailey Bieber’s Rhode.
Further Information
In the news release yesterday, the company noted that a large chunk of the 168.6 million women in the United States were getting more accustomed to the difference between waterless beauty and clean beauty. The growth was also attributed to the greater awareness among women about the constituents of the beauty products in the market. It may be a good move to keep an eye on the Oliveda International stock this week.
Key Quote
When asked about the breathtaking growth of Olive Tree People, founder and CEO Thomas Lommel responded, “I believe the time is ripe as more and more of the 168.6 million women in the U.S. are realizing the difference between conventional clean beauty and waterless beauty, and fewer and fewer of the 168.6 million women in the U.S. are willing to spend money on up to 95% fillers without achieving lasting results.
