Edison Nation Acquires HMNRTH Nutraceutical Line, a Leader in Cannabidiol Health and Wellness Products
March 12 2020 - 8:00AM
Business Wire
Edison Nation, Inc., a multifaceted ecosystem that fosters
innovation and drives IP, media and consumer products, is pleased
to announce the acquisition of HMNRTH Nutraceutical’s line of
Cannabidiol health and wellness products. HMNRTH’s Cannabidiol
product line includes a unique blend of oral sprays and topical
ointments.
With the U.S. CBD market heading to $23.7 Billion by 2023,
according to a Brightfield Group research report, HMNRTH allows for
rapid sales growth and expansion for Edison Nation. “The expansion
into Nutraceuticals and consumables has been a strategic goal for
us over the last year,” said CEO Christopher Ferguson. “HMNRTH is
the first acquisition in the consumables arena, and we look to
leveraging our innovation platform to expand the brand and product
lines to identify other synergistic opportunities in the
consumables category.”
The existing product line includes oral sprays specifically
formulated for morning, daytime and evening use as well as muscle
and joint creams. In addition to Cannabidiol, HMNRTH products
provide additional benefits such as Natural Caffeine for morning
energy and Melatonin for evening rest. With verified third-party
lab testing and a U.S. based supply chain, HMNRTH’s formula consist
of 100% Hemp Derived CBD and are FDA and GMP Compliant.
About HMNRTH
HMNRTH’s business model is to bridge the gap between the
lifestyle and knowledge components within the cannabis industry.
The Company’s goal is to educate every consumer while cultivating
an experience by providing quality products, branded cutting edge
content, and diversified product lines for any purpose. Most
importantly, we want our clients to discover their inner HMN,
redefine their inner HMN and Empower their inner HMN.
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
forward-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.
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Released March 12, 2020
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version on businesswire.com: https://www.businesswire.com/news/home/20200312005110/en/
Investor Relations: Aimee Carroll Phone: (484) 893-0060
Email: Investors@edisonnation.com
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