StemSation International Announces Execution of a Letter of Intent (LOI) to Acquire Gorilla Marketing Group, LLC
StemSation International (OTC: STSN) has executed a Letter of Intent to acquire 100% of Gorilla Marketing Group, (GMG), a private marketing company. GMG owns and distributes high-end vape products under the AlienHouse brand, including disposable vape cartridges and THC-P hemp derivatives. The acquisition aligns with StemSation's focus on the consumer goods space, particularly in convenience store impulse buy areas.
Key points:
- GMG management will join StemSation upon completion
- Definitive agreements and audited financials are required
- Acquisition expected to be completed by year-end
- StemSation aims to seek additional companies for growth
- Convenience stores saw record in-store sales of $327.6 billion in 2023
StemSation International (OTC: STSN) ha firmato una Lettera di Intenti per acquisire il 100% di Gorilla Marketing Group (GMG), una società di marketing privata. GMG possiede e distribuisce prodotti vape di alta gamma sotto il marchio AlienHouse, tra cui cartucce vape usa e getta e derivati della canapa THC-P. L'acquisizione si allinea con l'orientamento di StemSation verso il settore dei beni di consumo, in particolare nelle aree di acquisto impulsivo dei negozi di convenienza.
Punti chiave:
- Il management di GMG entrerà a far parte di StemSation al completamento dell'operazione
- Accordi definitivi e bilanci verificati sono richiesti
- Si prevede che l'acquisizione sarà completata entro la fine dell'anno
- StemSation mira a cercare ulteriori aziende per la crescita
- I negozi di convenienza hanno registrato vendite in negozio record di 327,6 miliardi di dollari nel 2023
StemSation International (OTC: STSN) ha ejecutado una Carta de Intención para adquirir el 100% de Gorilla Marketing Group (GMG), una empresa de marketing privada. GMG es propietaria y distribuye productos de vapeo de alta gama bajo la marca AlienHouse, incluyendo cartuchos desechables y derivados de cáñamo THC-P. La adquisición se alinea con el enfoque de StemSation en el sector de bienes de consumo, particularmente en las áreas de compra por impulso de las tiendas de conveniencia.
Puntos clave:
- La gerencia de GMG se unirá a StemSation al completar la operación
- Se requieren acuerdos definitivos y estados financieros auditados
- Se espera que la adquisición se complete para fin de año
- StemSation busca buscar empresas adicionales para el crecimiento
- Las tiendas de conveniencia vieron ventas en tienda récord de 327.6 mil millones de dólares en 2023
StemSation International (OTC: STSN)는 Gorilla Marketing Group (GMG)라는 사적 마케팅 회사를 100% 인수하기 위한 의향서를 체결했습니다. GMG는 AlienHouse 브랜드로 고급 vape 제품을 소유하고 유통하며, 여기에는 일회용 vape 카트리지와 THC-P 햄프 파생물이 포함됩니다. 이 인수는 소비재 분야, 특히 편의점의 충동구매 영역에 대한 StemSation의 초점과 일치합니다.
주요 사항:
- GMG 경영진은 인수 완료 후 StemSation에 합류하게 됩니다
- 최종 계약 및 감사된 재무 제표가 필요합니다
- 인수는 연말까지 완료될 것으로 예상됩니다
- StemSation은 성장을 위해 추가 회사를 찾으려 합니다
- 2023년 편의점의 매장 판매는 3,276억 달러로 기록을 세웠습니다
StemSation International (OTC: STSN) a signé une Lettre d'Intention pour acquérir 100% de Gorilla Marketing Group (GMG), une entreprise de marketing privée. GMG possède et distribue des produits de vape haut de gamme sous la marque AlienHouse, y compris des cartouches de vape jetables et des dérivés de chanvre THC-P. Cette acquisition s'aligne avec l'orientation de StemSation vers le domaine des biens de consommation, en particulier dans les zones d'achat impulsif des magasins de proximité.
Points clés :
- La direction de GMG rejoindra StemSation après la finalisation de l'opération
- Des accords définitifs et des états financiers audités sont nécessaires
- L'acquisition devrait être finalisée d'ici la fin de l'année
- StemSation vise à rechercher d'autres entreprises pour la croissance
- Les magasins de proximité ont enregistré des ventes en magasin record de 327,6 milliards de dollars en 2023
StemSation International (OTC: STSN) hat ein Absichtsschreiben zum Erwerb von 100% der Gorilla Marketing Group (GMG), einem privaten Marketingunternehmen, unterzeichnet. GMG besitzt und vertreibt hochwertige Vape-Produkte unter der Marke AlienHouse, einschließlich Einweg-Vape-Kartuschen und THC-P-Hanfderivaten. Die Akquisition steht im Einklang mit dem Fokus von StemSation auf den Bereich Verbrauchsgüter, insbesondere in den Impulsverkaufsbereichen von Convenience-Stores.
Wichtige Punkte:
- Das Management von GMG wird nach Abschluss der Transaktion zu StemSation stoßen
- Endgültige Vereinbarungen und geprüfte Finanzdaten sind erforderlich
- Die Akquisition wird bis zum Jahresende erwartet
- StemSation plant, weitere Unternehmen für Wachstum zu suchen
- Convenience-Stores verzeichneten 2023 Rekordverkäufe im Geschäft von 327,6 Milliarden Dollar
- Acquisition of Gorilla Marketing Group aligns with StemSation's strategic focus on consumer goods and convenience store impulse buys
- GMG's AlienHouse brand has an established presence in the growing THC-P vape market
- Acquisition provides potential for growth funding and enhanced valuation for both companies
- Convenience store industry saw record in-store sales of $327.6 billion in 2023, indicating a strong market for impulse purchases
- Acquisition is still in the Letter of Intent stage, with definitive agreements and audited financials yet to be completed
- Integration of GMG into StemSation may present challenges and costs
- Potential regulatory risks associated with THC-P and vape products
StemSation International announced today the execution of a Letter of Intent outlining the terms for the acquisition of the private marketing company, Gorilla Marketing Group, LLC
PLANTATION, Fla., Oct. 21, 2024 (GLOBE NEWSWIRE) -- StemSation International (OTC: STSN), a South-Florida based company that has licensed technology for the production and distribution of flavored, canned oxygen products, is announcing the execution of a Letter of Intent that outlines the terms and milestone steps for the acquisition of
GMG is the owner and distributor of high-end vape products under the brand AlienHouse. The products include disposable vape cartridges in a range of flavors along with THC-P hemp derivatives. The company also markets their branded, ‘Zombie-themed’ apparel and marketing materials.
“We previously announced our new focus on seeking an acquisition in the consumer goods space with an emphasis on the impulse spaces by the cash registers of convenience stores,” stated Benjamin Silber, CEO of StemSation International. “This has led to the execution of a Letter of Intent to acquire
Upon completion of the acquisition, the management of GMG will join StemSation International. The executed Letter of Intent requires definitive agreements to be created along with audited financials to be provided by GMG. The company expects the acquisition to be completed by the end of the year.
“We are excited to be joining the StemSation family,” commented Mike Gaya, CEO of GMG. “It’s an exciting time to be in the consumer goods space and in the THC-P vape market specifically. AlienHouse’s marketing blends bold, imaginative visuals with clever storytelling that resonates with a wide audience. It’s not just about selling a product; it’s about selling a lifestyle—one that embodies the cutting-edge, adventurous spirit of the brand itself. AlienHouse has built a loyal customer base, and its continued innovation keeps the brand ahead of the curve. We have a unique foothold in this space and expect the market to grow substantially over the next few years,” he continued. “Merging into the public markets with StemSation will provide the potential for growth funding as well as enhanced valuation for our company. We also believe that we can bring a lot of value for the current StemSation stakeholders as we expand their portfolio of technologies,” he concluded.
According to newly released data from the National Association of Convenience Stores (NACS), convenience stores saw record sales in stores in 2023. Total convenience industry sales in 2023 were
StemSation expects to have additional updates shortly as they fulfill on their current business plan.
About Gorilla Marketing Group (GMG)
GMG is the owner of the AlienHouse brand which is growing market share in the vape industry. AlienHouse delivers the highest standards in vape cartridges, where every product reflects the brand’s commitment to excellence. The brand’s success has been fueled by its creative and seductive marketing techniques, which have allowed AlienHouse to carve out a distinct identity in a competitive marketplace. These campaigns are meant to grab attention and create connections with GMG consumers, fueling loyalty, brand awareness and sales of branded merchandise.
About StemSation International
StemSation International, Inc. (OTC: STSN) is researching the developing, marketing and distribution of flavored, canned oxygen products. These products will be distributed in a lifestyle model to the beverage industry as well as colleges, restaurants and bars. The Company is also seeking acquisitions to complement their current products. StemSation is headquartered in Plantation, Florida.
SEC Disclaimer
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in StemSation international’s ("the Company") business plan. The execution of the Letter of Intent should not be construed as an indication in any way whatsoever of the future value of the Company’s common stock or its financial value. The Company’s filings may be accessed at the OTC Market’s disclosures at www.otcmarkets.com. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
Contact: |
StemSation International Benjamin Silber BSilber@stsninc.com |
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