Global Hemp Industry Leader Experiences Dramatic Year-Over-Year Growth

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Feb 01, 2023, 08:30 ET

MC Global Holdings, LLC Announces 2022 Financial Results

GOLDEN, Colo., Feb. 1, 2023 /PRNewswire/ -- MC Global Holdings, LLC ("MCG"), a Texas and Colorado-based LLC is reporting a $26M increase in revenue in 2022, compared to approximately $13M in 2021. MCG is an industry leader in distribution of bulk hemp-derived cannabinoids, operating through MC Nutraceuticals, PLLC ("MCN)", MC Vivimus, LLC ("Vivimu"), and MC Distribution, LLC ("MCD").

For more information visit: www.MCGlobal.io

The growth is a 90 percent increase over MCG's 2021 annual revenue as the company's operating entities now have customers and operations throughout the United States and in 18 foreign countries. MCG continued its track record of profitability being profitable in every year of its three years of operation. CEO Bret Worley believes this growth will continue. "I am pleased with what has occurred in only one year's time, thanks to the hard work of our MCG team," said Worley. "We are now in the process of adding staff as we are forecasting $46 million in revenue for 2023 domestic and foreign operations. We're also projecting growth in our EBITDA, both in terms of amount and percent of sales."

Worley also announced that the company is preparing to launch the process for an Initial public offering ("IPO") in late 2023. MCG is also in discussions with several companies to either acquire or negotiate a merger in order to achieve a vertically integrated operating platform that would create an attractive IPO.

About MC Global Holdings
MC Global Holdings was established to revolutionize the hemp wellness industry by being the leader in professionalism, promotion and distribution of responsibly produced cannabinoids worldwide.

Websites:
www.MCGlobal.io
www.MCNutraceuticals.com
www.Vivimu.com

Media contact: Mike Peed - [email protected]
Investor inquiries: Jeff Worley - [email protected]
Sales inquiries: Tré Sanchez - [email protected]

SOURCE MC Global Holdings