Vet Online Supply, Inc. (OTC Pink: VTNL) operates as manufacturer and distributor of its own proprietary holistic line of pet products. Shares of the pet products manufacturer soared 50% during trading on Tuesday, June 12, 2018. Over the past month, Vet Online Supply, Inc. has seen average daily volume of 32.69 million shares. However, volume of 323.83 million shares or dollar volume of $388,596, exchanged hands during Tuesday’s trading.
Shares of Vet Online Supply, Inc. surged today after the company announces plans to hire 100 U.S.-based manufacturing representatives and 100 European and Canadian manufacturing representatives. After establishing solid $9 million purchase orders for its CBD products across the West Coast, the company is ready to ramp up its operations and continue expanding globally. Management is forecasting that based on the expansion plans across the U.S., Canada, and Europe, sales could hit $265 million in the next five years. Here is the full press release detailing of the expansion plans:
Vet Online Supply, Inc. Press Release:
SAN FRANCISCO, June 12, 2018 (GLOBE NEWSWIRE) — Vet Online Supply, Inc. (OTC PINK:VTNL) (“Vet Online Supply” or the “Company”), the rapidly growing CBD Pet product company, today announced that the company is hiring 100 manufacturer representatives for the domestic United States and 100 international manufacturer representatives for Europe and Canada.
Vet Online Supply has established $9M in purchase orders and revenues for the CBD dispensary markets on the West Coast. The company is now positioned to hire 200 manufacturer representatives to cover domestic and international sales of their brand pet products.
Daniel Rushford, CEO and Chairman, stated, “We are hiring employees to take our brand national and international. Overall employment of wholesale and manufacturing sales representatives is projected to grow 5 percent from 2016 to 2026, about as fast as the average for all occupations. Employment growth for sales representatives is expected to follow employment growth of the economy as a whole. Our employees will operate on a fee basis and represent all of our products. Our products are the highest quality and lab certified and tested. Our geographic coverage will be the United States, Canada and Europe, with projected sales of $265M in the next 5 years. Each manufacturer representative will be given a geographic territory worth $1M in sales over 5 years. This will include veterinary hospitals, pet retail stores, dispensaries and pet supply chains.”
ABOUT VET ONLINE SUPPLY:
Vet Online Supply Inc., the company, manufactures its own brand of holistic pet products to promote health and well being. The goal of “Vet Online Supply” is to provide the $38B industry with value priced and superior quality holistic pet products.
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company’s operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company’s periodic filings with the SEC.