A very upbeat interview. What was also interesting was his discussion of the recent takeover of Blackmores (see NR below) in Australia by a Japanese brewer. Blackmores is the JWEL equivalent in that part of the world and the takeover price gives some indication as to what JWEL could eventually be worth down the road. GLTA
Gummies are the fastest-growing segment for vitamins in North America: Jamieson Wellness CEO
Mike Pilato, president and CEO of Jamieson Wellness, joins BNN Bloomberg to talk about the resiliency of the consumer and his outlook for the natural health and wellness business globally.
https://www.bnnbloomberg.ca/video/gummies-are-the-fastest-growing-segment-for-vitamins-in-north-america-jamieson-wellness-ceo~2681625
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On Thursday, Kirin Holdings – the parent company behind Lion, which owns Aussie beer brands including XXXX, Hahn and Tooheys – revealed it planned to take over 100 per cent of the country’s biggest vitamin business.
Under the plan, Kirin would pay shareholders a whopping $95 cash per share in order completely takeover the firm, with Blackmore shares jumping more than 20 per cent on the news.