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How to Take Full Advantage of the US’ Immense Logistic Warehouses Market

Stockhouse Editorial
15 Comments| September 29, 2021

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Fulfillment By Merchant is expanding throughout sales channels such as Amazon, as well as other leading e-Commerce platforms including eBay, Etsy, and others, and as such, inventory and logistics centres are becoming an important necessity more and more.
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Medigus Ltd. (NASDAQ: MDGS, Forum) announced this week that consumer products goods company Jeff Brands Ltd., operating primarily on Amazon.com, will expand its business into e-commerce logistics warehouses. Jeff Brands signed a non-binding collaboration agreement with iFulfillYou LLC, a US-based warehousing logistics services company under which the parties intend to collaborate for the establishment of logistics warehouses in the US through a newly created company.

Jeff Brands is 50.03% owned by Medigus desires to extend its business by utilizing its vast knowledge in logistics to support sellers, online stores, and brands.

On a fully diluted basis, Jeff Brands will hold up to 79% of the new company and will be responsible to finance it with up to $3.5 million (USD) through loans in accordance with milestones to be agreed upon in the binding agreement.

Medigus is a technology company that works with advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions. The company recently recorded revenues for the six-month period ended June 30, 2021, reached a record high, and totalled $2,393,000 (USD), an increase of $2,320,000 compared to $73,000 in the six-month period from the year before.

For more details on the company, visit medigus.com.


FULL DISCLOSURE: Medigus Ltd. Is a client of Stockhouse Publishing.


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