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Next Level Energy Inc. Reports 462% Revenue Gain from Sales of Eagle Energy Natural Caffeine VaporizersVANCOUVER, British Columbia, Nov. 13, 2019 /PRNewswire/ -- Next Level Energy Inc.—makers of Eagle Energy natural caffeine vaporizers—is reporting fiscal 2018/19 as its first profitable year, with a growing, loyal customer base and expansion to international markets driving a 462% revenue gain. Founded in 2015 with the goal to provide a better, healthier alternative to caffeine, the privately held Canadian company attributes Eagle Energy sales and revenue growth to:
"It has been a record fiscal year for the company," states Founder, CEO Elliot Mashford. "Eagle Energy products have successfully established a consumer fit and following as a caffeine alternative. That's always been our objective, and as the first and only energy inhaler made from natural, active, plant-based ingredients, we're now leading the caffeine alternative vaporizer space." Mashford credits increased profitability to imprved cash management and purchasing decisions as well as higher product margins. In fiscal 2019/20, Next Level Energy Inc. is projecting C$6 million in sales based on:
Eagle Energy Natural Caffeine Vaporizers currently function as a non-refillable, closed tank system—a refillable, open tank product is under development and expected to be launched in 2020. The combined vaporizer sector is predicted to reach a global market value of US$45 billion by 2023. ABOUT NEXT LEVEL ENERGY INC.
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