Edison Nation is Pleased to Announce the Launch of Edison Nation Medical to Address Growing Demand During COVID-19
April 07 2020 - 7:30AM
Edison Nation, Inc., a multifaceted ecosystem that fosters
innovation and drives IP, media and consumer products, announces
that it has launched its new operational division, Edison Nation
Medical, for its new line of health and medical products and to
address product demand surrounding COVID-19.
The Company recently announced the acquisition
of HMNRTH Nutraceutical’s line of Cannabidiol health and wellness
products as well as five proprietary cleaning products developed by
Synertech, Inc., all of which will be included within Edison Nation
Med’s pipeline of products.
The Company has also entered into a distribution
agreement for hand sanitizer through several US factories and has
received an initial purchase order of approximately $1.85 million.
Edison Nation’s longstanding relationships with large scale
retailers and entertainment venues provides the perfect synergy for
the new distribution enterprise.
“By leveraging our decades of experience in
overseas sourcing of high-quality products, we felt the need to
focus certain sourcing operations to meet the current demand for
medical supplies by our clients,” said Edison Nation Chief
Executive Officer Chris Ferguson. “Additionally, we are procuring
products on behalf of state and local governments to assist them
during the COVID-19 pandemic. Edison Nation Med will allow
these entities to have a consistent and verified supply chain,
which will allow them to concentrate on the pandemic and Edison
Nation Med to support their needs.”
The Company plans on launching Edison Nation
Medical’s online portal for hospitals, government agencies and
distributors in the coming weeks. Additional information on Edison
Nation Med’s products will be available at
www.edisonnationmedical.com.
About Edison Nation, Inc.
Edison Nation, Inc. (EDNT), is a multifaceted
ecosystem which fosters innovation and drives IP, media and
consumer products. Edison offers innovation sourcing, product
design, sales, manufacturing, and fulfillment services. Edison
Nation’s model is to source innovative ideas to launch internally
or license to brand partners. Edison Nation hopes to leverage its
television property, Everyday Edisons, to become the recognized
leader in the innovator community. For more information,
please visit www.edisonnation.com.
Forward-Looking Statements
This press release contains forward-looking
statements that involve substantial risks and uncertainties. All
statements, other than statements of historical facts, included in
this press release regarding strategy, future operations and plans,
including assumptions underlying such statements, are
forward-looking statements, and should not be relied upon as
representing the Company's views as of any subsequent date. Such
forward-looking statements are based on information available to
the Company as of the date of this release and involve a number of
risks and uncertainties, some beyond the Company's control, that
could cause actual results to differ materially from those
anticipated by these fossrward-looking statements, including
consumer, regulatory and other factors affecting demand for the
Company's products, any difficulty in marketing the Company's
products in global markets, competition in the market for consumer
products, any inability to raise capital to fund operations and
service the Company's debt. Additional information that could lead
to material changes in the Company's performance is contained in
its filings with the SEC. The Company is under no obligation to,
and expressly disclaims any responsibility to, update or alter
forward-looking statements contained in this release, whether as a
result of new information, future events or otherwise.
Investor Relations:
Aimee Carroll
Phone: (484) 893-0060
Email: Investors@edisonnation.com
Source: Edison Nation, Inc.
Released April 07, 2020
Edison Nation (NASDAQ:EDNT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Edison Nation (NASDAQ:EDNT)
Historical Stock Chart
From Apr 2023 to Apr 2024