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Posted On: 05/27/2021 2:21:53 PM
Post# of 25482
$NWYU May 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- New You, Inc. (OTCQB: NWYU) today announced, as disclosed in an 8-K dated May 27, entry of its wholly-owned subsidiary, ST Brands into an agreement to acquire 49% of Colorado-based Infinite Product Company, LLC, 100% owner of Infinite CBD, with an option to acquire the remaining 51% for a total of $11,000,000 in primarily NWYU stock.
Emphasizing uncompromising product consistency and purity, Infinite CBD’s product line features a wide range of products that utilize all-natural ingredients, CBD isolate, Broad Spectrum CBD, and/or Nano CBD for faster results, resulting in an average 4.8-star rating across all product SKUs.
Infinite CBD produces, distributes, and sells, through direct-to-consumer and wholesale channels, dozens of products broken down into 3 primary categories: CBD isolate, broad-spectrum, and Nano CBD. Products are available as gummies, isolate droppers, and topical salves and creams.
“Since 2016, Infinite CBD has maintained a reputation for premier quality products and top customer service,” commented Jason Frankovich, New You Inc. executive chairman. “We plan to apply our financial capabilities and network to help accelerate their growth, expand market share in existing markets and help their entry into new markets.”
Emphasizing uncompromising product consistency and purity, Infinite CBD’s product line features a wide range of products that utilize all-natural ingredients, CBD isolate, Broad Spectrum CBD, and/or Nano CBD for faster results, resulting in an average 4.8-star rating across all product SKUs.
Infinite CBD produces, distributes, and sells, through direct-to-consumer and wholesale channels, dozens of products broken down into 3 primary categories: CBD isolate, broad-spectrum, and Nano CBD. Products are available as gummies, isolate droppers, and topical salves and creams.
“Since 2016, Infinite CBD has maintained a reputation for premier quality products and top customer service,” commented Jason Frankovich, New You Inc. executive chairman. “We plan to apply our financial capabilities and network to help accelerate their growth, expand market share in existing markets and help their entry into new markets.”
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