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Upexi, Inc. - UPXI STOCK NEWS

Welcome to our dedicated page for Upexi news (Ticker: UPXI), a resource for investors and traders seeking the latest updates and insights on Upexi stock.

Upexi, Inc. (NASDAQ: UPXI) is a dynamic and multi-faceted company at the forefront of the Amazon and Direct-to-Consumer sectors. With a strong focus on health, wellness, pet, beauty, and emerging markets, Upexi aims to drive organic growth through its innovative brands and strategic acquisitions.

Specializing in the hemp and vitamin/nutraceutical space, Upexi offers a diverse range of products such as tinctures and gummies featuring cannabinoids like CBD, CBN, and CBG. These products are tailored to support various health needs, including weight management, pain relief, stress relief, and anti-inflammatory benefits. The company ensures the highest quality by manufacturing all products in-house at a state-of-the-art facility, making it a leader in wholesale and private label distribution across multiple industries.

Upexi also excels in accelerating Amazon and eCommerce businesses by leveraging consumer data and vertical integration to scale brands, thereby reducing costs through an expanding distribution network. The company has shown significant growth and profitability, as evidenced by a 144% year-over-year revenue increase in the fiscal first quarter of 2024.

Recent achievements include the launch of Tytan Tiles, which has become the #1 New Release in Preschool Building Toy Sets on Amazon and is now available on Walmart.com and TJ Maxx. The company’s strategy includes continued investment in brand growth and international market expansion, aiming to capitalize on high industry growth trends.

Financial highlights for the fiscal second quarter of 2024 show Upexi generating $21.8 million in revenue, despite a strategic reduction in re-commerce inventory risk. The company's focus on high-margin Brand Products and efficiency measures is expected to yield significant cost savings and improved profitability.

With ongoing initiatives to streamline operations and explore strategic alternatives like mergers and asset sales, Upexi remains committed to maximizing shareholder value and sustaining its growth trajectory.

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Upexi, Inc. (NASDAQ:UPXI) has entered into definitive agreements with investors to sell 2,121,213 shares of common stock at $3.30 per share, resulting in gross proceeds of approximately $7 million. The offering is expected to close on May 16, 2023.
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Upexi Inc. will host a conference call on May 15, 2023, to discuss its fiscal 2023 third quarter financial results and provide a business update.
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Upexi Inc. announces licensing agreement with Disney for its children's toy brand Tytan Tiles. New branded products to be launched on Amazon, direct to consumer, and in retail channels for the 2023 holiday season.
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Upexi Inc. (NASDAQ:UPXI) has announced a significant operational change, consolidating its logistics operations in Florida. By shutting down its California Third Party Logistics (3PL) site and reducing its Nevada operations, Upexi aims to enhance efficiency and lower expenses. This strategic move is expected to yield annual cost savings of approximately $1 million to $1.5 million over the next six months. CEO Allan Marshall emphasized the importance of streamlining operations to improve customer experience and overall company performance. Upexi operates in the health, wellness, pet, and beauty sectors, focusing on eCommerce growth and customer data accumulation to drive sales.

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Upexi Inc. (NASDAQ:UPXI) has signed a non-binding Letter of Intent to acquire a Texas-based wellness and nutrition brand specializing in superfoods for $2.5 million, which includes $2 million in cash and $500,000 in Upexi stock. The Acquired Company generated approximately $15 million in trailing twelve-month revenue. This acquisition aligns with Upexi's strategy to acquire profitable, high-margin brands and is expected to yield significant cost synergies. The deal, pending due diligence, is expected to close in May. Upexi aims to expand its portfolio in the health and wellness sector while leveraging its programmatic ad technology to enhance customer acquisition and cross-selling opportunities.

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FAQ

What is the current stock price of Upexi (UPXI)?

The current stock price of Upexi (UPXI) is $3.79 as of December 24, 2024.

What is the market cap of Upexi (UPXI)?

The market cap of Upexi (UPXI) is approximately 3.9M.

What does Upexi, Inc. specialize in?

Upexi specializes in health, wellness, pet, beauty, and emerging markets with a focus on Amazon and Direct-to-Consumer brands.

What types of products does Upexi offer?

Upexi offers hemp products like tinctures and gummies, as well as vitamins and nutraceuticals for weight management, pain relief, stress relief, and overall wellness.

How does Upexi ensure product quality?

Upexi manufactures all products in-house at a state-of-the-art facility, ensuring the highest standards of quality.

What are Upexi's recent financial highlights?

For the fiscal first quarter of 2024, Upexi reported a 144% year-over-year increase in revenue, totaling $27.4 million.

What are Upexi's latest achievements?

Upexi recently launched Tytan Tiles, which became the #1 New Release in Preschool Building Toy Sets on Amazon and launched on Walmart.com and TJ Maxx.

What is Upexi's strategy for growth?

Upexi focuses on organic growth, strategic acquisitions, and leveraging consumer data to reduce costs and scale brands efficiently.

What are Upexi's future plans?

Upexi plans to further streamline operations, explore strategic alternatives, and continue its focus on profitable growth across its brand portfolio.

How does Upexi support its customers?

Upexi stands by its products and offers free shipping to its customers, ensuring a high level of customer satisfaction.

What makes Upexi a leader in its industry?

Upexi's innovative approach, high-quality products, and strategic use of consumer data and vertical integration make it a leader in Amazon and eCommerce sectors.

How can investors learn more about Upexi?

Investors can visit the Investor Relations section of Upexi's website or contact their Investor Relations team for more detailed information.

Upexi, Inc.

Nasdaq:UPXI

UPXI Rankings

UPXI Stock Data

3.95M
748.94k
27.48%
1.68%
3.5%
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