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Third quarter 2024 growth was 2,500% compared to Q3 2023, 47% compared to Q2 2024, and more than 580% compared to Q1 2024
SANTA MONICA, CA, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Oliveda International, Inc. (OTC Pink: OLVI) today announced that the strong growth of its Olive Tree People Inc. subsidiary in the United States continues unabated with 3rd quarter 2024 growth of more than 2,500% as compared to the same period in 2023. The growth of Olive Tree People has also increased by over 47% compared to the 2nd quarter of 2024 and by over 580% compared to the 1st quarter of 2024.
More than 240,000 orders were shipped from the new U.S. shipping center that Olive Tree People opened in August 2024. The company expects a further significant increase in the 4th quarter, particularly with the launch of the new Olive Tree People brand Olive Rose (based on hydroxytyrosol). The company projects total orders to exceed 400,000 in the 4th quarter of 2024.
Olive Tree People also anticipates surpassing 50,000 Waterless Beauty consultants by the end of 2024 with additional expansion planned for new countries and large-scale waterless beauty campaigns beginning in 2025.
On October 1, 2024, Oliveda International, Inc. announced that due to the rapid growth of Olive Tree People Inc. and increasing interest in additional global markets, the company and its waterless movement will go global with planned expansion to Canada, the United Kingdom, and an additional continent.
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.