NetworkNewsBreaks – Mohawk Group Holdings Inc. (
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Posted On: 03/15/2021 4:46:15 PM
NetworkNewsBreaks – Mohawk Group Holdings Inc. (NASDAQ: MWK) Expands E-Commerce Portfolio with Launch into Essential Oils Category
Mohawk Group (NASDAQ: MWK) enters a new product category with its latest acquisition of Healing Solutions LLC, a leading online seller of essential oils. Mohawk, a rapidly growing technology-enabled consumer products company, is on a “quest to become the leading e-commerce consumer brands platform,” reads an article on the developments. “MWK paid approximately $15.3 million in cash in addition to issuing approximately 1.4 million shares of Mohawk’s common stock… Healing Solutions is the latest in a string of acquisitions, which Yaniv Sarig — Mohawk Group Holdings Inc.’s co-founder and chief executive officer — hails as a step forward in the company’s mission to build the leading e-commerce consumer brands platform. ‘We are thrilled to enter the essential oils category, which further diversifies our e-commerce portfolio of brands. Consumable products with recurring purchases and subscription revenue opportunities that complement our hard goods brand have been on our radar,’ Yaniv stated in a news release announcing the acquisition.”
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Mohawk Group (NASDAQ: MWK) enters a new product category with its latest acquisition of Healing Solutions LLC, a leading online seller of essential oils. Mohawk, a rapidly growing technology-enabled consumer products company, is on a “quest to become the leading e-commerce consumer brands platform,” reads an article on the developments. “MWK paid approximately $15.3 million in cash in addition to issuing approximately 1.4 million shares of Mohawk’s common stock… Healing Solutions is the latest in a string of acquisitions, which Yaniv Sarig — Mohawk Group Holdings Inc.’s co-founder and chief executive officer — hails as a step forward in the company’s mission to build the leading e-commerce consumer brands platform. ‘We are thrilled to enter the essential oils category, which further diversifies our e-commerce portfolio of brands. Consumable products with recurring purchases and subscription revenue opportunities that complement our hard goods brand have been on our radar,’ Yaniv stated in a news release announcing the acquisition.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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