The Now Corporation (OTC: NWPN) Acquires an Equity Stake In Enhanced Premium Water Brand, CellDration™
On February 23, 2022, The Now Corporation (OTC Pink: NWPN) announced the acquisition of a 28% equity stake in CellDration™, a producer of enhanced water products. This investment aims to promote organic, natural hemp products, allowing CellDration™ to establish a new manufacturing facility and transition to sustainable packaging. The partnership will leverage synergies for developing flavored and CBD-infused beverages. CEO Ken Williams emphasized the environmentally friendly angle of the investment, aiming to reduce single-use plastics.
- Acquisition of 28% stake in CellDration™, enhancing market reach.
- Investment will support the development of a new manufacturing facility.
- Focus on sustainable packaging aligns with growing consumer demand.
- Collaboration on flavored and CBD-infused beverages presents new revenue opportunities.
- None.
Oakland Park, FL, Feb. 23, 2022 (GLOBE NEWSWIRE) -- The Now Corporation (OTC Pink: NWPN), a bio-pharmaceutical research company focused on the research, education and production of Scientific-Grade Cannabidiol (CBD) from hemp and Tetrahydrocannabinol (THC), is pleased to announce that in an effort to reach a broader market that desires a healthier lifestyle based on the consumption of organic, natural and supplemental grade hemp and CBD products, it has purchased a
CellDration™ is a manufacturer and distributor of enhanced premium water products with a clear plan to share its functional water and eco-friendly packaging globally. Both companies will collaborate on the development of various line extensions, including flavored & CBD infused beverages.
“An investment by The NOW Corporation will enable CellDration™ to break ground on its unique state- of- the- art manufacturing facility and allow CellDration’s transition from single use plastics to sustainable, plant-based packaging with control over its manufacturing, marketing/sponsorships, rollouts, and overall growth strategy,” said CellDration’s Founder, Rudy Byfield.
“This is exciting news for us. It’s Black History Month, two African-American, majority owned companies are partnering for good health, a healthier lifestyle and to successfully compete in the flavored and infused water market. Having made previous investments in sustainable packaging technology, we determined that investing in CellDration™ with its enhanced water products and biodegradable packaging was not only a perfect fit for us but satisfied our concerns for single use plastics and its harm to the environment. Furthermore, this investment will allow synergies with CellDration regarding expertise and a platform to launch our infused beverages in addition to our psychoactive infused beverage products, once our patent is approved for its delivery. Everything rests with our patent attorneys at this point.“ said The Now Corporation CEO, Ken Williams.
Please review these past press releases on CellDration™:
Black-Owned Bottled Water Brand Now Available in 1,100 Stores Nationwide
On another note, the Company will not be initiating a reverse split in the foreseeable future.
About CellDration™
CellDration™ was founded by its CEO Rudy Byfield with the basic idea to hydrate everybody and delight every taste bud. The brand launched in May of 2019 in hundreds of Kroger stores spread over 16 states with expanded shelf space in ShopRite, Key Foods, Gelson’s, DPI Specialty Foods, and Sysco & Wakefern.
About The Now Corporation
The Now Corporation is a publicly traded, biopharmaceutical research company focused on the research, education and production of Scientific-Grade Cannabidiol (CBD) from hemp and Tetrahydrocannabinol (THC) to be used for medicinal purpose, while focusing on pursuing business opportunities in the growing medical and recreational marijuana sector. Through its acquired assets, The Now Corporation is seeking to invest in businesses associated with the growing, marketing, research and development, training, distribution and retail sale of scientific-grade medicinal cannabis, both in the United States and Canada. At The Now Corporation, we unlock and advance medicine for human life around the world, at every stage of life.
For further information, please contact:
Ken Williams
Chief Executive Officer
Email: info@thenowcorp.net
(561)-318-1903
https://thenowcorp.net
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of technical, installation, permitting or other problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of The Now Corporation to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, The Now Corporation undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
FAQ
What is the significance of The Now Corporation's investment in CellDration™ on February 23, 2022?
How much equity did The Now Corporation acquire in CellDration™?
What are the expected benefits of the partnership between NWPN and CellDration™?
Will The Now Corporation initiate a reverse stock split after this investment?
What production changes can be expected from CellDration™ following The Now Corporation's investment?
