Radiant Creations Group (RCGP) announced today that it has entered into an agreement to acquire 100% of the outstanding shares of NEWYOU, LLC. in exchange for common shares of RCGP. The transaction has been unanimously approved by the Boards of Directors of both companies. NEWYOU, LLC. (newyounow.com) is a leading marketer and distributor of premium CBD products led by founder and CEO Ray Grimm Jr., one of the world's most widely recognized CBD experts. Ray is a veteran entrepreneur with more than a quarter century experience building some of the top nutritional and weight loss companies in Direct Sales history. This strategic acquisition provides RCGP with an opportunity to increase market share, expand into new areas and tap into growing sectors like those occurring in the hemp-CBD space.
"We are delighted for the merger of these two organizations," CEO Ray Grimm said. "The CBD market in the U.S is growing exponentially. According to cannabis industry analysts the Brightfield Group, the U.S. hemp-derived CBD market has nearly doubled in size between 2017 and 2018, and a new estimate indicates the hemp-CBD market alone could hit $22 billion by 2022. Timing and growth couldn't be better for us and we are moving rapidly to take advantage of the momentum."
In the last few weeks, the growth of the hemp-CBD market saw a major boost with the official passage of the long-awaited 2018 Farm Bill, which legalized industrial hemp—cannabis that contains less than .03% THC. The removal of hemp from the controlled substances list is a victory for farmers, enthusiasts and the growing number of companies in the hemp-CBD marketplace.
About Ray Grimm, Jr., President, CEO, and Chairman of the Board:
A veteran entrepreneur with more than a quarter century experience building some of the top nutritional and weight loss companies in Direct Sales history, Ray W. Grimm Jr. has what many consider to be the Midas touch in creating multi-million dollar companies, three of which exceeded $50 million in sales within their first five years. Nine years ago, Ray Grimm, Jr. also created and co-founded one of the fastest growing weight loss brands ever developed producing $10 Million in sales in its first year. His vision, leadership and expertise in nutrition, weight loss and Direct Sales are unmatched, as is his unique formula for success, all of which have benefited the physical and financial health of thousands. Ray has been a member of the DSA (Direct Selling Association) and is a founding member of the MLMIA (Multilevel Marketing International Association).
About Nish Mehta, CFO, Secretary, and Treasurer:
Nish Mehta is a seasoned financial professional who has raised over $100 million in venture-backed capital for technology based start-up companies. Nish's past and current ventures include several high profile VC-backed companies including Nuvve Corp., HomeSpace.com, Envestnet (IPO, July 2010), Rayspan Corporation, Wildcat Discovery Technologies and others. Nish has also provided services for several Network Marketing companies in San Diego. Nish is a Canadian Chartered Accountant as well as a CPA and served 7.5 years with KPMG. Nish graduated from Acadia University (Hons) with a major in Accounting and Finance.
About Jared Berry, Major Shareholder:
Jared Berry has logged an impressive list of industry firsts, including becoming the first ever to have a CBD brand filed with the USPTO for trademark. Prior to filing for this intellectual property, a "CBD marketplace" didn't exist, marking Jared Berry and his team of scientists the original trailblazers of the space. Jared Berry continues to be a pioneer in scientific advancements uncovering the full wellness potential of the cannabis and hemp plants. Using proprietary technology and industry leadership, Jared Berry aims to bring the nutritional benefits of living a healthier life to the Radiant Creations Group.
Nevada Secretary of State registration:
RCGP BUYS NEWYOU (CBD) - PR SCREEN SHOT
RCGP CEO - RAY GRIMM
RAY BUILT SEVERAL MULTIMILLION DOLLAR BUSINESSES
NEWYOU (CBD) VIDEO LINKS
RAY AND NISH TALK ABOUT NEWYOU (CBD)
"EVERYTHING RAY TOUCHES TURNS TO GOLD!" - Nish Mehta - CFO, RCGP
NEWYOU (CBD) - PRESENTATION
NEWYOU - BRAND AMBASSADOR
NEWYOU (CBD) - TESTIMONIAL
NEWYOU CBD DROPS
NEWYOU CBD COFFEE
NEWYOU CBD FOR PETS
NEWYOUPRO ON TWITTER
NEWYOU ON VIMEO
NEWYOU ON INSTAGRAM
NEWYOU ON FACEBOOK
NEWYOU CBD NEWS
RCGP - SECURITY DETAILS