Been following $LVT since their IPO a few weeks back and have continued to be impressed by their acquisitions and expansion. They just announced their 4th acquisition in just two weeks and are up 3.2% today.
$LVT completed the acquisition of all the issued and outstanding shares of Earth Circle Organics Chain Inc. , a direct-to-consumer and wholesaler of supplements and superfood products, as of August 3, 2021.
Acquisition Highlights
- Adds 180+ SKUs across three brands to the Levitee portfolio: Earth Circle Organics, Earth Shift Products, and Ojio
- Combined, the three brands generated over USD $2.0M in revenue in the past 12 months, with USD $600,000 in EBITDA
- Levitee plans to integrate the Earth Circle Organics brands with its MONKE Nutraceuticals products to leverage supply chain and distribution synergies and accelerate growth by increasing ad spend and inventory levels
Since their IPO $LVT has been on a roll, very excited to see what’s in store for the future.
MC is $39.26M
https://www.leviteelabs.com/levitee-labs-completes-acquisition-of-earth-circle-organics-adds-superfoods-company-to-portfolio/