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Bionoid Pharma, Inc. Signs Binding Letter of Intent to Acquire Main E-Commerce Platform of Your Supplement Supply Store Ltd.

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Very Positive)

Bionoid Pharma (OTC PINK:BINP) has signed a Binding Letter of Intent to acquire EnhancedSupplements.net, the main e-commerce platform of Your Supplement Supply Store The acquisition, structured as an Asset Purchase Agreement, will allow Bionoid to retain all revenue generated before the final agreement signing. The company plans to integrate the platform with its Maverick AI capabilities to enhance customer experiences in the health and wellness sector. This strategic move aims to accelerate Bionoid's expansion in the e-commerce space and strengthen its market presence.

Bionoid Pharma (OTC PINK:BINP) ha firmato una Lettera di Intenti Vincolante per acquisire EnhancedSupplements.net, la principale piattaforma di e-commerce di Your Supplement Supply Store. L'acquisizione, strutturata come un Accordo di Acquisto di Attivi, permetterà a Bionoid di mantenere tutte le entrate generate prima della firma finale dell'accordo. L'azienda prevede di integrare la piattaforma con le sue capacità di Maverick AI per migliorare l'esperienza dei clienti nel settore della salute e del benessere. Questa mossa strategica mira ad accelerare l'espansione di Bionoid nel mercato dell'e-commerce e a rafforzare la sua presenza sul mercato.

Bionoid Pharma (OTC PINK:BINP) ha firmado una Carta de Intención Vinculante para adquirir EnhancedSupplements.net, la principal plataforma de comercio electrónico de Your Supplement Supply Store. La adquisición, estructurada como un Acuerdo de Compra de Activos, permitirá a Bionoid retener todos los ingresos generados antes de la firma del acuerdo final. La empresa planea integrar la plataforma con sus capacidades de Maverick AI para mejorar la experiencia del cliente en el sector de la salud y el bienestar. Este movimiento estratégico tiene como objetivo acelerar la expansión de Bionoid en el espacio de comercio electrónico y fortalecer su presencia en el mercado.

Bionoid Pharma (OTC PINK:BINP)는 구속력 있는 의향서에 서명하여 Your Supplement Supply Store의 주요 전자상거래 플랫폼인 EnhancedSupplements.net을 인수하게 되었습니다. 자산 구매 계약으로 구조화된 이 인수는 Bionoid가 최종 계약 서명 이전에 발생한 모든 수익을 유지할 수 있게 합니다. 이 회사는 고객 경험을 향상시키기 위해 플랫폼을 Maverick AI 기능과 통합할 계획입니다. 이 전략적 움직임은 Bionoid의 전자상거래 공간에서의 확장을 가속화하고 시장에서의 입지를 강화하는 것을 목표로 합니다.

Bionoid Pharma (OTC PINK:BINP) a signé une lettre d'intention contraignante pour acquérir EnhancedSupplements.net, la principale plateforme de commerce électronique de Your Supplement Supply Store. L'acquisition, structurée sous la forme d'un contrat d'achat d'actifs, permettra à Bionoid de conserver tous les revenus générés avant la signature de l'accord final. L'entreprise prévoit d'intégrer la plateforme avec ses capacités de Maverick AI pour améliorer l'expérience client dans le secteur de la santé et du bien-être. Ce mouvement stratégique vise à accélérer l'expansion de Bionoid dans l'espace e-commerce et à renforcer sa présence sur le marché.

Bionoid Pharma (OTC PINK:BINP) hat ein verbindliches Absichtsschreiben unterzeichnet, um EnhancedSupplements.net, die Haupt-E-Commerce-Plattform von Your Supplement Supply Store, zu erwerben. Die Akquisition, die als Vermögensübertragungsvereinbarung strukturiert ist, ermöglicht es Bionoid, alle Einnahmen zu behalten, die vor der endgültigen Unterzeichnung des Vertrags erzielt wurden. Das Unternehmen plant, die Plattform mit seinen Maverick AI-Funktionen zu integrieren, um das Kundenerlebnis im Gesundheits- und Wellness-Sektor zu verbessern. Dieser strategische Schritt zielt darauf ab, Bionoids Expansion im E-Commerce-Bereich zu beschleunigen und seine Marktpräsenz zu stärken.

Positive
  • Immediate revenue retention from the e-commerce platform prior to final agreement
  • Strategic expansion into health and wellness e-commerce sector
  • Integration opportunity with existing Maverick AI technology
Negative
  • No disclosed acquisition cost or financial terms
  • Pending final Asset Purchase Agreement completion

TORONTO, ON / ACCESSWIRE / November 12, 2024 / Bionoid Pharma, Inc. ("Bionoid") (OTC PINK:BINP) is excited to announce the signing of a Binding Letter of Intent (LOI) with Your Supplement Supply Store Ltd. to acquire its leading e-commerce platform, EnhancedSupplements.net. This acquisition marks a pivotal step in Bionoid's strategic growth plan to accelerate its expansion into the health and wellness sector, supported by a scalable e-commerce platform that can be seamlessly enhanced with Maverick AI.

Under the terms of the LOI, Bionoid will retain all revenue generated prior to the signing of the final Asset Purchase Agreement (APA), ensuring a smooth transition of ownership and uninterrupted operations. This transaction, structured as a straightforward Asset Purchase Agreement, will allow Bionoid to quickly integrate EnhancedSupplements.net into its expanding portfolio. This acquisition is expected to strengthen Bionoid's presence in the e-commerce space and propel growth within the health and wellness market.

"Our acquisition of EnhancedSupplements.net is an exciting opportunity for Bionoid to leverage our AI capabilities and expand our footprint in health and wellness," said Wayne Cockburn, CEO of Bionoid Pharma, Inc. "This is an important step in our long-term vision to deliver innovative, AI-driven solutions that enhance customer experiences and build brand loyalty."

For further information, contact:

Wayne Cockburn, CEO
Phone: (905) 505-0770
Email: bionoidpharma@gmail.com
www.bionoidpharma.com

SOURCE: Bionoid Pharma, Inc.



View the original press release on accesswire.com

FAQ

What is Bionoid Pharma (BINP) acquiring in the November 2024 deal?

Bionoid Pharma is acquiring EnhancedSupplements.net, the main e-commerce platform of Your Supplement Supply Store

How will BINP handle revenue from EnhancedSupplements.net during the acquisition?

Bionoid will retain all revenue generated prior to the signing of the final Asset Purchase Agreement.

What technology will BINP integrate with EnhancedSupplements.net?

Bionoid plans to enhance the platform with their Maverick AI technology.

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