$SDNI News : Scandia Inc. Announces Acquisition of
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RALEIGH, N.C., June 17, 2021 /PRNewswire/ -- Scandia Inc. (OTC: SDNI) is excited to announce the acquisition of majority equity stake in Xtreme Organics Inc. to continue their growth in the fast-growing Medicinal Chemicals and Botanical Products space.
Xtreme Organics makes hydration, energy and recovery products for extreme lifestyles, and have been working extensively with Xtreme Fighting Championships and its fighters in the development of their cutting-edge products, as well as with athletes from the world of MotoX, Supercross, FMX, ArenaCross, skate, surf and snow.
Scandia's CEO Jamie Allen was the founder and CEO of Xtreme Organics Inc. and came to Scandia Inc. (SDNI) with the intention of capitalizing on that relationship and the market growth of Organic Hemp in the Medicinal Chemicals and Botanical Products space.
Scandia CEO Jamie Allen: "We are looking forward to growing the business of Xtreme Organics and look forward to the next generation of organic hydration and energy products, as well as a new sports water that we feel will change the game in athletic performance."
He went on to say, "I believe, as many do, that we have just begun to tap the potential of CBG, CBC and CBN. With everyone focusing on CBD, I think that this forward thinking will have a huge impact on the success of the company and its products."
https://finance.yahoo.com/news/scandia-inc-an...c=fin-srch