Wellness

Tilray Brands, Inc. Reports Q3 Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, April 9, 2024

ET Today

Key Points: 
  • ET Today
    NEW YORK and LEAMINGTON, Ontario, April 09, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray”, “our”, “we” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today reported financial results for its third quarter ended February 29, 2024.
  • Beverage-alcohol gross profit increased 89% to $18.9 million in the third quarter from $10.0 million in the prior year quarter.
  • Completed Canadian cannabis business cost reduction plan launched during fiscal year 2022 and international cannabis business plan launched during fiscal year 2023.
  • For its fiscal year ending May 31, 2024, the Company is now guiding to an Adjusted EBITDA target of $60 million to $63 million.

Smart for Life Releases Corporate Video on Definitive Agreement to Acquire Purely Optimal Nutrition

Retrieved on: 
Monday, April 8, 2024

MIAMI, April 08, 2024 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today released a corporate video regarding the definitive agreement to acquire Purely Optimal Nutrition , a premier eCommerce nutraceuticals company with operations in North America.

Key Points: 
  • MIAMI, April 08, 2024 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today released a corporate video regarding the definitive agreement to acquire Purely Optimal Nutrition , a premier eCommerce nutraceuticals company with operations in North America.
  • The corporate video featuring Smart for Life’s CEO, Darren Minton, can be found at: https://smartforlifecorp.com/2024/04/08/video-ceo-of-smart-for-life-darr... .
  • “We are excited to announce another milestone as part of our M&A strategy, designed to establish Smart for Life as a major international force in the Health & Wellness sector,” stated Darren Minton, CEO of Smart for Life.
  • Purely Optimal is currently generating estimated revenue in excess of $8 million and over $1 million of Adjusted EBITDA for the trailing twelve months.

Smart for Life Announces Definitive Agreement to Acquire Purely Optimal Nutrition, a Premier North American Nutraceutical Company

Retrieved on: 
Monday, April 8, 2024

MIAMI, April 08, 2024 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today announced that it has executed a definitive agreement to acquire Purely Optimal Nutrition , a premier eCommerce nutraceuticals company with operations in North America.

Key Points: 
  • MIAMI, April 08, 2024 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today announced that it has executed a definitive agreement to acquire Purely Optimal Nutrition , a premier eCommerce nutraceuticals company with operations in North America.
  • Cervantes, Jr., Smart for Life’s founder and Chairman, stated, “We are very excited to have Purely Optimal join forces under the Smart for Life umbrella.
  • Purely Optimal’s product line is designed to yield optimal results with carefully sourced and nourishing ingredients from all around the world.
  • Purely Optimal is currently generating estimated revenue in excess of $8 million and over $1 million of Adjusted EBITDA for the trailing twelve months.

C.K. McWhorter & McWhorter Family Trust Continue Dialogue with Sotheby’s International Realty In Regard To Brokering Purchase Of Ultra-Elite Wellness Chateau & Resort

Retrieved on: 
Friday, April 5, 2024

This initiative stands as a testament to the McWhorter Family Trust’s dedication to revolutionizing luxury wellness, combining quantum computing and advanced technology to craft personalized, sustainable experiences for its distinguished guests.

Key Points: 
  • This initiative stands as a testament to the McWhorter Family Trust’s dedication to revolutionizing luxury wellness, combining quantum computing and advanced technology to craft personalized, sustainable experiences for its distinguished guests.
  • The prospect of involving Sotheby’s International Realty signifies a promising development, amplifying the reach and exclusivity of the Wellness Chateau Collection on a global scale.
  • The dialogue with Sotheby’s International Realty underscores the McWhorter Family Trust's commitment to redefine the parameters of luxury wellness.
  • Amid these opening talks, the McWhorter Family Trust reaffirms its commitment to leveraging cutting-edge technology and bespoke wellness programming to empower guests.

Pressure BioSciences’ Uncle Bud’s Subsidiary Reports Significant Demand for New UltraShear CBD Body Revive Spray – First Product in New “Premium Collection”

Retrieved on: 
Tuesday, April 2, 2024

CANTON, Mass., April 02, 2024 (GLOBE NEWSWIRE) -- Pressure BioSciences, Inc. (OTCQB: PBIO) (“PBIO” or the “Company”), a leading innovator in high-pressure nanotechnology and a pioneer in the development of novel, broadly-enabling, pressure-based instruments and nanoemulsion products and services for the health & wellness, food & beverage, nutraceutical, cosmeceutical, and other industries, today announced that its wholly-owned Uncle Bud’s Health & Wellness consumer packaged goods subsidiary (“Uncle Bud’s”) has experienced significant sales activity in its revolutionary nanoemulsified CBD product offered in the initial launch of its highly touted “Premium Collection” of UltraShear™ processed nanoemulsion products. Click here for more info on Uncle Bud's Premium Collection.

Key Points: 
  • Click here for more info on Uncle Bud's Premium Collection.
  • The Premium Collection was an immediate success, highlighted by the unprecedented response to its initial product in the Collection - the CBD Body Revive Spray with 1200mg of Nano-CBD.
  • “Uncle Bud’s newly launched Nano-CBD Body Revive Spray, an innovative, all plant-based, organic, highly bioavailable flagship product processed using PBIO’s UltraShear platform, captured an impressive 30% conversion of Uncle Bud’s total CBD Revive Spray product revenue in March alone,” commented John Hollister, PBIO’s Director of Sales and Marketing.
  • This achievement enables PBIO to develop, manufacture, market, and sell UST-processed products into the rapidly expanding CBD marketplace.

Fractyl Health Receives FDA IDE Approval for the Revita® Remain-1 Pivotal Study of Weight Maintenance in Obesity after Discontinuation of GLP-1 Based Drugs

Retrieved on: 
Monday, April 1, 2024

BURLINGTON, Mass., April 01, 2024 (GLOBE NEWSWIRE) -- Fractyl Health, Inc. (Nasdaq: GUTS) (the “Company”), a metabolic therapeutics company focused on pioneering new approaches for the treatment of obesity and type 2 diabetes (T2D), today announced U.S. Food and Drug Administration (FDA) approval of a pivotal Investigational Device Exemption (IDE) to study Revita’s efficacy in maintaining weight loss following the discontinuation of GLP-1 receptor agonist (GLP-1RA) drug therapy, addressing a key unmet need in the treatment of obesity. Obesity affects over 40% of the US population and is a critical precursor to various highly morbid and expensive chronic conditions such as type 2 diabetes, metabolic dysfunction-associated fatty liver disease, and cardiovascular disease.

Key Points: 
  • The IDE approval launches the groundbreaking Remain-1 study, set to begin in the second half of 2024.
  • Remain-1 is a randomized, double-blind trial of Revita versus sham in patients who have lost at least 15% total body weight on tirzepatide therapy.
  • It is designed to be a pivotal study to potentially enable registrational filing for Revita for weight maintenance after GLP-1RA discontinuation.
  • The rationale for the Remain-1 pivotal study is based on a new need for therapeutic solutions that can offer durable weight maintenance without ongoing medical therapy.

Endonovo Closes Asset Purchase Agreement for a Minimum of $50M With SofPulse, Inc

Retrieved on: 
Thursday, March 28, 2024

With completion of the APA, both Endonovo and SofPulse, Inc. share a strategic vision and a commitment for long term growth.

Key Points: 
  • With completion of the APA, both Endonovo and SofPulse, Inc. share a strategic vision and a commitment for long term growth.
  • The APA transaction for the purchase of Endonovo assets and IP by SofPulse, Inc. is now closed, pending the customary regulatory approvals.
  • Key points of the APA include:
    Agreement to engage Adeptus, a qualified third party's asset valuation firm.
  • Agreement for SofPulse Inc. to issue $50 million in freely traded stock through an S-1 registration, priced at $5.00 per share to Endonovo.

TMS Health and Wellness Introduces Cutting-Edge Brain Scanning For Enhanced TMS Therapy Effectiveness

Retrieved on: 
Monday, April 8, 2024

COSTA MESA, Calif., April 8, 2024 /PRNewswire-PRWeb/ -- In a significant advancement for treating anxiety, depression, and other mental health conditions, TMS Health and Wellness proudly announces the integration of comprehensive brain scanning technology into its Transcranial Magnetic Stimulation (TMS) Therapy protocols. This pioneering approach, leveraging Full Brain Scans and Functional MRI (fMRI) is set to revolutionize treatment customization, potentially elevating TMS Therapy's effectiveness to an unprecedented 90%.

Key Points: 
  • This pioneering approach, leveraging Full Brain Scans and Functional MRI (fMRI) is set to revolutionize treatment customization, potentially elevating TMS Therapy's effectiveness to an unprecedented 90%.
  • By utilizing detailed brain imaging to map and understand each patient's unique neural patterns, TMS Health and Wellness can customize the application of TMS Therapy with greater precision than ever before.
  • The clinic's expanded services now include:
    With the introduction of brain scanning technology, TMS Health and Wellness reinforces its dedication to pioneering in the mental health space and its mission of treating the "whole person."
  • TMS Therapy enhanced with Full Brain Scans and Functional MRI is available now.

Comic Relief US and the Harlem Globetrotters are Partnering Again for Red Nose Day Fun and Fundraising at All 44 US Games in April to Help Children Facing Poverty

Retrieved on: 
Monday, April 8, 2024

NEW YORK, April 8, 2024 /PRNewswire/ -- Red Nose Day and the world famous Harlem Globetrotters are partnering for the second consecutive year, bringing the power of fun and entertainment they're both known for to raise money and change lives for children facing poverty.

Key Points: 
  • Red Nose Day fun will be infused through all 44 games in April across 15 states during the Harlem Globetrotters' Domestic 2024 World Tour.
  • Spalding, the official game ball of the Harlem Globetrotters, has created a custom branded Red Nose Day basketball that will be showcased during the special-skills performance at halftime.
  • Red Nose Day brings joy and laughter while raising life-changing funds to help create a world with less childhood poverty – and more childhood.
  • Season two of "Harlem Globetrotters: Play It Forward" airs Saturdays at 9 a.m. ET/PT on NBC, a longtime supporter of the Red Nose Day campaign.

Technogym Ecosystem: the Open Platform that connects equipment from any brand

Retrieved on: 
Monday, April 8, 2024

COLOGNE, Germany, April 8, 2024 /PRNewswire/ -- Over the years Technogym has developed a unique ecosystem made of connected smart equipment, software, apps, artificial intelligence, on-demand exercise content and tech services. This allows end-users to live a frictionless experience fully personalized on their goals, passions and aspirations and operators to personalize every aspect of a member's gym experience, from assessment to program customization and follow-up, improving member's experiences and increasing ROI thanks to the surge in the attraction rate, retention, upselling and secondary spend. Moreover AI-based Technogym Ecosystem Coach adjusts training programs to enhance engagement and maximize results and supports marketing efforts through advanced profiling, allowing operators to run loyalty campaigns.

Key Points: 
  • At FIBO 2024 in Cologne Technogym introduces the new TECHNOGYM CHECK UP and reinforces TECHNOGYM ECOSYSTEM OPEN PLATFORM STRATEGY, the one and only AI based open platform that integrates equipment from any brand and over 140 software and apps
    COLOGNE, Germany, April 8, 2024 /PRNewswire/ -- Over the years Technogym has developed a unique ecosystem made of connected smart equipment, software, apps, artificial intelligence, on-demand exercise content and tech services.
  • Moreover AI-based Technogym Ecosystem Coach adjusts training programs to enhance engagement and maximize results and supports marketing efforts through advanced profiling, allowing operators to run loyalty campaigns.
  • The brand-new Technogym Checkup – native to Technogym Ecosystem and launching at FIBO 2024 – makes up the ultimate access point to Technogym Ecosystem.
  • This innovative AI-based assessment station is the way to personalize each single training programme: Technogym Checkup scans body composition, analyses strength performances (from activities on strength machines within Technogym Ecosystem), balance, mobility and cognitive abilities.