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Forza Innovations Inc. (OTC Pink: FORZ) has entered a financing agreement with Power Up Lending Group, securing an initial tranche to fund inventory and technology development. The first tranche closed with plans for additional financing of up to $875,000, bearing a 10% annual interest rate. This strategic move is essential for the company's progress in the health-tech wearable performance sector, particularly in its WarmUp product line, which offers innovative back compression devices aimed at relieving joint stiffness and inflammation.
Forza Innovations Inc. (OTC Pink: FORZ) announced an agreement in principle with Tonjan Heating Technology to manufacture its WarmUp products. Tonjan, known for its expertise in FAR infrared heating technology, has a proven track record with major brands and maintains a low defect rate. Forza's WarmUp line consists of innovative wearable back compression devices aimed at reducing joint stiffness and inflammation through heat therapy. This partnership is expected to enhance Forza's supply chain efficiency, bringing the WarmUp products closer to market readiness.
On June 17, 2021, Forza Innovations, formerly Genesys Industries, announced the effective implementation of a name change and a 10-for-1 forward stock split, with ticker symbol GEIND changing to FORZ after 20 business days. CEO Johnny Forzani emphasized the split as a measure to broaden the shareholder base and enhance liquidity. Forza Innovations operates in the health-tech wearable sector and has acquired rights to innovative back compression devices aimed at reducing joint stiffness and relieving inflammation.
