Delivra Health Brands sees 20% increase in revenue as company posts encouraging 2023 results
October 20, 2023 at 12:33 pm EDT
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Delivra Health Brands CEO Gord Davey joined Steve Darling from Proactive to share news the company has posted its year end 2023 financial numbers that showed for the first time in company history, Delivra Health achieved positive Adjusted EBITDA.
The positive Adjusted EBITDA is attributed to various factors, including increased net revenue driven by higher sales in the USA. The company saw a 20% increase in net revenue compared to the previous year, with a significant contribution from the US market.
Davey emphasized that the company's focus moving forward is to continue increasing revenue and profitability across multiple markets, including Canada, the USA, international markets, and e-commerce channels. Delivra Health's portfolio includes innovative brands like Dream Water and LivRelief, offering relief from common health issues such as sleeplessness, chronic pain, and anxiety.
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Delivra Health Brands Inc. is a Canada-based company, which provides lifestyle, and health and wellness products to consumers and patients in regulated markets around the world. The Company's subsidiaries include Dream Water Global (Dream Water) and Delivra Corp. (Delivra). The Companyâs portfolio features brands like Dream Water and LivRelief. Its Dream Water brand offers sleep aids in a range of formats and formulations. Dream Water produces convenient, travel-friendly, single-serving 2.5oz liquid sleep shots, sleep powder packets that consumers can take with or without water and gummies. Its LivRelief brand offers relief for conditions, such as joint and muscle pain, nerve pain, varicose veins, wound healing and sports performance.