Bullboard - Stock Discussion Forum New You Inc NWYU

New You, Inc., through its wholly owned subsidiary, New You LLC, markets and sells its products through a multi-level marketing and direct sales opportunity to independent business owners called 'Brand Partners.' The Company is engaged in marketing cannabidiol (CBD) products, which include CBD beverage enhancers that can be added to any beverage, CBD infused coffee, and CBD oil tinctures. Its... see more

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New You Inc > New You, Inc. (NWYU) On Alert

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Post by Stockhunter101 on May 17, 2021 1:01pm

New You, Inc. (NWYU) On Alert

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New You, Inc. (OTCQB: NWYU) announced, as disclosed in an 8-K dated May 7, entry into an exchange agreement with ST Brands, Inc., to expand into a holding company of assets that create, develop, market, and sell unique and proprietary cannabidiol (“CBD”) products and services to various segments of the global consumer market.

On May 6, 2021, ST Brands' principal Jason Frankovich was appointed to serve as the new Executive Chairman of the Board.

Ray Grimm will continue as our CEO and New You, Inc. will be the first operating entity to receive the benefits of the strategic resources.

"ST Brands brings years of cannabidiol-related product development expertise along with the capital resources necessary to capitalize on surging global demand for new and optimized CBD products," stated Mr. Grimm. "We are in advanced discussions to acquire several entities that lead their respective fields with the intention of applying our skills and networks to accelerating their top-line growth and improving profitability.”