ADIA Nutrition Announces $500,000 Line of Credit and Strategic Expansion Plans

Rhea-AI Summary

ADIA Nutrition Inc. (OTC Pink: ADIA) has secured a $500,000 line of credit from CEO Larry Powalisz to support its strategic growth plan. The funds will be used to establish a clinic specializing in Autologous Hematopoietic Stem Cell Transplantation (aHSCT) for Multiple Sclerosis (MS) patients and expand its supplement divisions. Powalisz, diagnosed with MS 3.5 years ago, underwent aHSCT treatment in Mexico and has been in remission for 2.5 years. The company aims to make this treatment more accessible and affordable in the US by working with insurance companies. This initiative aligns with ADIA Nutrition's mission to revolutionize healthcare through innovative treatments and provide premium, organic supplements.

Positive

• Secured $500,000 line of credit from CEO, reducing need for external funding
• Plans to establish a clinic for aHSCT treatment for MS patients
• Expansion and investment plans in supplement divisions
• CEO's personal success story with aHSCT treatment for MS

Negative

• None.

News Market Reaction – ADIA

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-18.18% News Effect

On the day this news was published, ADIA declined 18.18%, reflecting a significant negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Winter Park, Florida--(Newsfile Corp. - July 25, 2024) - ADIA Nutrition Inc. (OTC Pink: ADIA) is pleased to announce a significant development in the company's strategic growth plan. CEO Larry Powalisz has committed to providing ADIA Nutrition with an up to $500,000 line of credit, demonstrating his unwavering confidence in the company's future and his commitment to its success.

This line of credit is expected to significantly reduce the need for any other outside funding, allowing ADIA Nutrition to focus on its core objectives. The company plans to use these funds to establish a clinic specializing in Autologous Hematopoietic Stem Cell Transplantation (aHSCT) for Multiple Sclerosis (MS) patients. This initiative aligns with ADIA Nutrition's mission to revolutionize healthcare through innovative and effective treatments.

Furthermore, the line of credit will also support ADIA Nutrition's expansion and investment plans in its supplement divisions. The company has and will continue to acquire and/or invest in companies that uphold the highest standards of integrity and quality, ensuring that ADIA Nutrition continues to provide premium, organic supplements to its customers.

Larry Powalisz, CEO of ADIA Nutrition Inc., stated, "I was diagnosed with multiple sclerosis three and a half years ago, and at that time, the neurologist told me I would be in a wheelchair within three to five years. The only treatment he offered was Ocrevus, a disease-modifying therapy that had many side effects. I decided to do my own research and went to Mexico to have aHSCT treatment for my MS. I am still walking on my own, no cane, no walker, no wheelchair, and have now been in remission for two and a half years.

Knowing that most MS patients could not afford aHSCT, which typically cost on average $150,000 in the US, and that you have to qualify for the strict small trials being done in the US. I decided to purchase a public company that would create a clinic in the United States to do the treatment, and we will have insurance companies pay for the treatment.

I am thrilled to provide this line of credit to ADIA Nutrition, which will enable us to pursue our ambitious goals and reduce the need for additional external funding. This is a testament to my belief in the company's vision and my way to pay it forward. If it wasn't for aHSCT who knows where I would be today.

Our focus on establishing a clinic for aHSCT treatments for Multiple Sclerosis (MS) and expanding our supplement division reflects our commitment to improving the lives of our customers and patients."

For media inquiries or further information, please contact Larry Powalisz at ceo@adiamed.com or 321-788-0850.

About ADIA Nutrition Inc.:
Adia Nutrition Inc. is a publicly traded company (OTC Pink: ADIA) dedicated to revolutionizing healthcare and supplementation. With a focus on innovation and quality, the company has established two key divisions: a supplement division providing premium, organic supplements, and a medical division specializing in Autologous Hematopoietic Stem Cell Transplantation (aHSCT) treatments for Multiple Sclerosis (MS). Through these divisions, Adia Nutrition Inc. is committed to empowering individuals to live their best lives by addressing both nutritional needs and groundbreaking medical treatments.

Website: www.adianutrition.com
Twitter (X): @ADIA_Nutrition

Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a few uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/217313

FAQ

What is the purpose of ADIA Nutrition's $500,000 line of credit?

The $500,000 line of credit will be used to establish a clinic for Autologous Hematopoietic Stem Cell Transplantation (aHSCT) for Multiple Sclerosis patients and to support expansion of ADIA Nutrition's supplement divisions.

How does ADIA Nutrition plan to make aHSCT treatment more accessible?

ADIA Nutrition plans to establish a clinic in the United States and work with insurance companies to cover the cost of aHSCT treatment, making it more affordable and accessible to MS patients.

What is the personal connection of ADIA Nutrition's CEO to MS treatment?

CEO Larry Powalisz was diagnosed with MS 3.5 years ago and underwent aHSCT treatment in Mexico. He has been in remission for 2.5 years, which inspired him to make this treatment more accessible through ADIA Nutrition.

What are ADIA Nutrition's plans for its supplement division?

ADIA Nutrition plans to expand and invest in its supplement divisions, focusing on acquiring and investing in companies that maintain high standards of integrity and quality in producing premium, organic supplements.