Pure Culture Organics™️ Announces Litigation and General Business Update, New Product Development

Rhea-AI Summary

Pure Culture Organics (PCO) announced a significant litigation update, revealing that Lifeway Foods (NASDAQ: LWAY) has dismissed its claims against PCO. PCO's Co-founder and President, Edward Smolyansky, expressed satisfaction with the outcome, allowing the company to focus on new product developments.

PCO is introducing Pure Culture Organics+ Kids Pouches with Collagen, aimed at children and featuring collagen peptides. Additionally, PCO plans to launch a new lineup of kefirs with flavors like Wild Blueberry and Vanilla Peach, supported by an engaging promotional video.

On May 31, 2024, PCO's philanthropic arm, The Ludmila and Edward Smolyansky Foundation, committed $1 million to the Ann & Robert H. Lurie Children's Hospital of Chicago.

Positive

• Lifeway Foods (LWAY) dismissed its claims against Pure Culture Organics.
• PCO is launching Pure Culture Organics+ Kids Pouches with Collagen.
• PCO is expanding its kefir lineup with new flavors.

Negative

• None.

CHICAGO, June 27, 2024 /PRNewswire/ -- Litigation Update: In a victory for consumers, Pure Culture Organics™ (PCO) today announced that after a series of court rulings against Lifeway Foods NASDAQ: (LWAY), Lifeway Foods chose to dismiss its claims against PCO rather than proceed to a ruling on the merits.

Edward Smolyansky, PCO Co-founder and President, stated, "We are extremely pleased Lifeway abandoned its lawsuit, and PCO can pivot from having to focus on beating back frivolous lawsuits to building on the momentum of its new product developments like PCO Kids Kefir, as well as beginning to build our sales and marketing team." 

Mr. Smolyansky is a former officer of Lifeway and its second largest shareholder. He added, "While I understand the personal motivations of my sister and CEO in pursuing these lawsuits for her personal interests, I do not understand why Lifeway Foods' Board of Directors approved her request to use company funds for this purpose."

Business and New Product Development:

In a move to delight young consumers and health-conscious parents alike, PCO is also excited to announce the development of Pure Culture Organics+ Kids Pouches with Collagen. These convenient, portable, and nutritious kefir pouches are designed specifically for children, providing a delicious and healthy snack option, with the addition of collagen peptides. Smolyansky stated "The addition of collagen peptides to probiotic beverages is a novel approach to functional ingredients that we feel have broader applications across a wider age spectrum than just adults. As more research is done, this should be a trend we should pay attention to."

Additionally, PCO is thrilled to announce the upcoming launch of its full line of kefirs, expanding beyond its original offerings to include an array of new flavors and formulations. This new lineup includes unique blends such as Wild Blueberry, Strawberries N' Cream, Vanilla Peach and more, catering to a diverse range of taste preferences. To promote this exciting new range, PCO has produced a vibrant and engaging video spot that highlights the rich, creamy texture and health benefits of PCO's kefir, emphasizing its products as a leading choice for consumers seeking both flavor and wellness in their dietary options. 

Philanthropy
On May 31, 2024, The Ludmila and Edward Smolyansky Foundation, the philanthropic arm of Pure Culture Organics of Chicago, Illinois, announced it had made a $1 million commitment to Ann & Robert H. Lurie Children's Hospital of Chicago, specifically allocated to the Cardiology Program Fund and the Access for Every Child Fund.

"As someone who has witnessed firsthand the impact of healthcare expenses on families, I am honored to be able to contribute to the Ann & Robert H. Lurie Children's Hospital of Chicago and their mission of providing compassionate care to all," said Smolyansky.

For media inquiries or further information, please contact Jenna Strobel at info@purecultureorganics.com.

About the Ludmila and Edward Smolyansky Foundation

The Ludmila and Edward Smolyansky Foundation is committed to empowering individuals and communities facing financial burdens from healthcare needs. With a focus on philanthropy and community outreach, the foundation seeks to make a positive impact on the lives of those in need.

About PCO

Pure Culture Organics, makers of organic Kefir, was founded in 2023 on the belief that digestive health is fundamental to overall personal well-being and that being a responsible producer is fundamental to the well-being of the planet. It has no affiliation with Lifeway Foods.

Along with the Foundation, our mission is to improve overall well-being through healthy eating and promote a better understanding of probiotics, the microbiome, and their impact on a healthy lifestyle.

To learn more, visit https://purecultureorganics.com.

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SOURCE Pure Culture Organics

FAQ

What was the outcome of the litigation between Lifeway Foods (LWAY) and Pure Culture Organics?

Lifeway Foods dismissed its claims against Pure Culture Organics, allowing PCO to focus on business growth.

What new products is Pure Culture Organics developing?

Pure Culture Organics is developing Kids Pouches with Collagen and expanding its kefir lineup with new flavors like Wild Blueberry and Vanilla Peach.

When did Pure Culture Organics make a philanthropic contribution to the Ann & Robert H. Lurie Children's Hospital?

On May 31, 2024, Pure Culture Organics committed $1 million to the Ann & Robert H. Lurie Children's Hospital of Chicago.

What is the stock symbol for Lifeway Foods?

The stock symbol for Lifeway Foods is NASDAQ: LWAY.