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Is Ironwood good for the company making their own products?
I believe this will gain more attention once the Ironwood acquisition is completed and we show assets listed in the 8K. This is definitely a long term hold. The BFYW team has done everything necessary to create a firm foundation from which to proceed (OTCQB for example, not to mention independent BOD). I think it will start slowly and then pick up steam. The other LOIs will be completed and others will be initiated. I also believe that this is one industry that is economy and inflation resistant.
Keep in mind this ticker has only 94M unrestricted shares out of 370K outstanding (500K authorized)
I think that in time, this could be enormous. They are hell-bent on up-listing to NASDAQ or NYSE. That requires a minimum of $4 share sustained to be considered. Big upside. accumulate now while you can.
All in my opinion, of course. I am no expert.
Yea confused at why no one is catching on
This Ironwood acquisition is the most important IMO...will allow them to make their own products (and others)...super bullish on this LOI to finally close....BFYW$$
$BFYW Better For You Wellness Enters Superseding LOI to Acquire Ironwood Clay Co Inc. and Nena Skincare Brand
LOI Supersedes and Replaces Prior Letters of Intent entered into between BFYW and Ironwood
Columbus, Ohio--(Newsfile Corp. - May 5, 2022) - Better For You Wellness, Inc. (OTCQB: BFYW) ("Better For You Wellness" or the "Company"), an Ohio-based company focused on the rapidly-growing $1.5T wellness industry, is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") to acquire Ironwood Clay Co Inc. ("Ironwood") outlining the principal terms and conditions on which the Company is prepared to enter into a formal Purchase and Sale Agreement for all the issued and outstanding shares of Ironwood. This LOI supersedes and replaces any and all prior non-binding letters of intent entered into between the Company and Ironwood.
Under the terms of the LOI, the Company is expected to pay a total purchase price of approximately $25,400,000 CAD, comprised of $9,400,000 CAD of Better For You Wellness, Inc. stock, and $16,000,000 CAD in cash, of which $8,000,000 CAD is payable at closing and the remainder of which is due within 12 months of closing. Closing is expected to occur on June 30, 2022.
Established in 1988, Ironwood is a specialized OEM skincare supplier offering private label product development, turn-key manufacturing, raw materials and bulk formulas to high-impact personal care companies across the globe, and is the leading international supplier of glacial oceanic clay. Ironwood's NENA Skincare brand ("NENA") is a rapidly growing natural skincare brand whose core ingredient is glacial oceanic clay. Ironwood's Health Canada, FDA, Halal, GMP and ECOCERT/COSMOS accredited facility can produce over 500 skincare, body care, and hair care formulations and products, and is trusted by some of the world's leading companies including Nu Skin Enterprises, Inc., Walgreens Boots Alliance Inc., and more. NENA products are currently available direct-to-consumer via www.nenaskincare.com as well as online through Amazon, Well.ca., and others, and available in hundreds of retail locations across Canada including Pharmasave, Rexall, and more. Beyond Canada, Ironwood distributes its products, ingredients and raw materials globally to the United States, China, Korea, and more.
"This established and profitable acquisition within the natural beauty and skincare space will allow Better For You Wellness to become a vertically-integrated wellness company," commented Ian James, Chief Executive Officer of Better For You Wellness, Inc. "As I have stated before, skin is our largest organ, and what we put on our bodies is just as important as what we put in them - making skincare a major cornerstone in an overall approach to wellness."
For further information, investors should refer to the Company's reports filed with SEC (https://www.sec.gov/).
https://www.newsfilecorp.com/release/122824
news man they are making lots of acquisitions cheap here Better For You Wellness Enters Superseding LOI to Acquire Ironwood Clay Co Inc. and Nena Skincare Brand https://www.newsfilecorp.com/release/122824
$BFYW has entered definitive agreements to acquire @MangoMoiButters! Learn more about why @OTCBFYW is acquiring this exciting #skincare #brand below...
$BFYW has entered definitive agreements to acquire @MangoMoiButters! Learn more about why @OTCBFYW is acquiring this exciting #skincare #brand below... https://t.co/rvyLbi7BZh
— Better For You Wellness, Inc. (@OTCBFYW) May 2, 2022
These people in charge really shat the bed. Unbelievable!!!
I sure do wish we would have closed some deals by now. Been 5 months since first LOI. Whats taking so long?
OK. Thanks. but the 10Q should be available this week. It should tell us something....
They have 90 days to get it filed so we are half way there
If their fiscal year ended on 2/28, would that mean that the 10k should be out by tomorrow?
Remember… LOI to acquire Mary Louise products which are now in Macy's...
https://www.macys.com/shop/featured/mary%20louise
BFYW chart:
https://www.barchart.com/stocks/quotes/BFYW
LOI on BFYW acquiring Mary Louise still in the works! If they close that deal, BFYW will go to da moon with only 92M in the float, imho!
https://www.globenewswire.com/news-release/2021/10/27/2321747/0/en/Better-For-You-Wellness-Signs-LOI-to-Acquire-Mary-Louise-Cosmetics.html
Mary Louise still on BFYW webpage..
https://bfyw.com/brands (scroll down to bottom of page)
no new news but they have alot going on already
Anything new with this company. The year is moving along.
Mary Louise products in Macy's now. This may explain recent volume...
https://www.macys.com/shop/featured/mary%20louise
Is the LOI on BFYW acquiring Mary Louise still in the works? If they close that deal, BFYW will go to da moon with only 92M in the float, imho!
https://www.globenewswire.com/news-release/2021/10/27/2321747/0/en/Better-For-You-Wellness-Signs-LOI-to-Acquire-Mary-Louise-Cosmetics.html
Mary Louise still on BFYW webpage..
https://bfyw.com/brands (scroll down to bottom of page)
https://www.mymarylouise.com/
Bout time...ready for news now...woohoo...ten rockets : )...BFYW$$
I see no news today. Last PR/Tweet was 2/16
They just announced an acquisition and stock went nowhere.
Weird sudden pop. More news coming???
+35% for the day. First time in a while here. Still has a ways to go tho :)
I wouldn’t get excited yet!!
Yep they need to do something here except manipulate the pps down……
Needs to close these "deals"...peeps paitience is wearing thin...BFYW$$
Load in triple zeroes
BFYW = NOT BETTER FOR YOUR WALLET
BFYW just keeps going lower…..time for some updates on your LOI’s
Close some deals already this is ridiculous
So far Better For You Wellness has not been Better For Us.....
I think Big Juan was talking about the new female director Christina Jefferson, who replaced another director who dropped out at the end of last year. She's the only one I could connect with the abbreviation "DEI" (Diversity, Equity and Inclusion). So it's going to be difficult to fire "him" when he is a "her".
Maybe they should fire him LOL
Since announcing their woke DEI director, pps dropped 45% :(
Hope they turn it around here soon.
Lol...ya really...they need to start CLOSING these LOIs...need some solid news here to move it, I think many have become frustrated with all the talk and little action IMO...although the uplist was a niceee move...BFYW$$
Be nice if this could see .25 again. Keeps going lower……
Will be niceee when they close on all these LOIs...BFYW$$
nice news really becoming a nice holding company https://www.otcmarkets.com/stock/BFYW/news/Better-For-You-Wellness-Signs-LOI-to-Acquire-Mango-Moi?id=344052
news at the close pretty impressive additions so cheap here https://www.newsfilecorp.com/release/113453
They have letters of intent to acquire these companies:
Mary louise cosmetics
Ironwood clay
Nena skincare
Cannuka
Any day now the audits will be completed and acquisitions announced. Check otcmarkets.com and sec edgar services for filings over the next week or two
What company would be involved in any potential acquisition?
I am watching this company.
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