DRYWORLD Brands Clocks 1,700% Sales Growth In Q1, e-Commerce Revenue Soars
Portfolio Pulse from Akanksha Bakshi
DRYWORLD Brands Inc. (OTC:IBGR) reported a 1,700% sales growth in Q1 2024 compared to Q1 2023, with e-commerce revenue increasing by over 227% year-over-year, attributed to its Ambassador Program. The company has launched 377 products in the last two years, reaching nearly 1,000 customers across 53 countries. DRYWORLD plans to up-list to the OTCQB, expand operations, and has aligned with top athletes and teams for growth. Despite a 14.89% drop in share price to $0.008, the company aims for long-term shareholder value.
March 05, 2024 | 1:14 pm
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DRYWORLD Brands Inc. (OTC:IBGR) experienced significant sales growth in Q1 2024, with plans for expansion and strategic partnerships. Despite this, shares fell by 14.89% to $0.008.
The substantial sales growth and strategic plans for expansion and partnerships indicate a strong growth trajectory for DRYWORLD. However, the recent drop in share price may present a buying opportunity for investors believing in the company's long-term value proposition. The confidence in this analysis is high due to the clear growth indicators and strategic moves by the company, despite the short-term price drop.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100