Welcome to our dedicated page for New You news (Ticker: NWYU), a resource for investors and traders seeking the latest updates and insights on New You stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect New You's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of New You's position in the market.
New You, Inc. (OTCQB: NWYU) announces its subsidiary, ST Brands, has acquired 60% of Primus Skincare for $1.75 million, marking its entry into the European skincare market. Primus focuses on CBD-infused luxury skincare products, already compliant with EU standards. The products will be distributed across several European countries, including Spain and the UK. The growing demand for CBD products presents a significant market opportunity. Primus plans product launches in 2021 and aims to expand into the Gulf and Hong Kong.
New You announced the appointment of John Driscoll as Chief Financial Officer (CFO) and board member, effective June 15, 2021. Driscoll brings over 25 years of experience in financial strategy, having previously served as Chief Audit Executive at Finastra and as CFO of ST Brands. His expertise is expected to enhance New You's ambitious growth in the CBD sector. The company aims to acquire scalable cannabis companies to strengthen its market position, leveraging Driscoll's experience in mergers and acquisitions.
New You Inc. (OTCQB: NWYU) announced its wholly owned subsidiary, ST Brands, has signed a non-binding letter of intent to acquire 100% of Always Pure Organics Limited for $130 million. The agreement entails an initial payment of $10 million followed by five subsequent tranches over 14 months. Always Pure is a leading wholesale CBD provider in the UK, Europe, and Japan, boasting estimated revenues of $17-20 million in 2021. The acquisition aims to enhance market positioning and operational synergy, leveraging existing distribution networks for CBD products.
New You, Inc. (NWYU) announces Executive Chairman Jay Frankovich's participation in a panel discussion on the global cannabis sector's growth, scheduled for June 3, 2021. This event includes executives from Curaleaf, Khiron Life Sciences, and IM Cannabis Corp, and is hosted by Black Legend Capital. The company, through its subsidiary ST Brands Corp, aims to enhance scalability in the CBD market by acquiring promising cannabis companies. ST Brands focuses on providing capital, operational resources, and strategic support to help these companies thrive.
New You, Inc. (OTCQB: NWYU) announced its subsidiary, ST Brands, has entered into an agreement to acquire 49% of Infinite Product Company, LLC, the owner of Infinite CBD, with an option for full ownership for $11 million mainly through stock. Since its inception in 2016, Infinite CBD has gained a strong reputation, selling 20 million milligrams of CBD isolate across 1,000 locations and serving over 100,000 customers. The acquisition aims to enhance growth, market share, and expand into new markets.
New You, Inc. (OTCQB: NWYU) announced a strategic exchange agreement with ST Brands, Inc. to expand its operations into a holding company focused on CBD products. The partnership aims to leverage ST Brands' expertise and capital resources to meet growing global demand for unique CBD offerings. Jason Frankovich has been appointed Executive Chairman, while CEO Ray Grimm remains in charge. The collaboration includes plans to acquire leading entities in the CBD sector to enhance revenue and profitability.
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