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Big rev #'s $NXGB
NxGen's own-brand protein is scheduled to come back on stream in Q1 meaning a significant bump in revenues, which the company estimates could be as high as a 25% increase in revenues now that protein market prices have stabilized internationally and consumers move back to their protein powder products buying habits.$NXGB
Joseph Lawanson, CEO of NxGen commented that: "I am here to deliver growth. Growth in revenue and growth in shareholder value. I will do this through an aggressive acquisition strategy with my 2024 plan to see topline revenues hit $10m when annualized and I shall have a firm grip on costs meaning that our bottom line will be healthy too. $NXGB
NxGen Brands announced that a second brand has been added to the LOI making the recent acquisition an increased revenue gain from the same deal terms.
These brands together look set to show un-audited revenues for 2023 exceeding $1.25m with a brand-new contract with the Pacific region contract coming online earlier this month which will see non-US revenues skyrocket in a region which traditionally out-sells other markets with similar demographics.$NXGB
NxGen Brands stated that its acquisition target has closed a licensing deal with an Australian nutritional supplements distributor. According to IBISWorld the Australian nutrition and supplements market has a 2022 value in excess of $1.6bn with an annual growth rate of 2% year on year expected through much of the next decade, outpacing the 1.5% already seen between 2017 and 2022. Moreover, the market size of the Vitamin and Supplement industry in Australia has been growing faster than the overall economy.$NXGB
As a company NxGen Brands aims to divert from the usual “muscle and fitness” brand identity and opt for a look that is entirely new to the supplement industry. From there, our tagline #DisruptTheNorm was born. We are all breaking outdated generational ideals and pushing ourselves to improve our health and wellness. As a commitment to this lifestyle and mentality, we coined our followers as Norm Destroyers. We encourage everyone to find the Norm Destroyer within and cultivate that spirit to be different. Storm Lifestyles is more than a brand, but a reminder of a growth mindset.$NXGB
Offering in place for 240 million shares.
Throughout 2024, NxGen Brands intends to make acquisitions in the Nutritional Supplement space under the leadership of industry veteran Joseph Lawanson and to build a powerful and profitable company in this space, growing revenues significantly over the coming twelve months.$NXGB
NxGen Brands said that according to Marketresearch.biz, the global weight loss market size accounted for $260 billion dollars in 2022, is looking to grow past $299bn in 2023 and is expected to surpass $532 billion dollars within the decade. It is into this market that Storm Lifestyles™ is launching its 'Fat Burner' pills. The report goes on to state that the Supplement Segment leads the market with the highest revenue share with 35% of the weight loss market and North America is leading that market by highest revenue share.$NXGB
Huge news tomorrow! $NXGB
NxGen Brands said their exciting new series of products will consist of a more hardcore "Caffeinated Pre-Workout", a "Non-Stim Pump", "Testosterone" as well as what the company is expecting will fast become its biggest seller yet, the new "encapsulated fat burner". These products will contain the innovative flavored ingredients customers have come to love from STORM, but with formulas more readily aimed at the more hard core work out demographic.$NXGB
$NXGB Outstanding Shares 63,079,566
12/09/2023
Restricted
57,409,287
12/09/2023
Unrestricted
5,670,279
12/09/2023
Nutritional Supplements company, comprising of several brands. www.nxgenbrands.com .$NXGB
NxGen Holdings, Inc. is a publicly traded company under the symbol NXGB. The Company building build a profitable Nutritional Supplements company, comprising of several brands. www.nxgenbrands.com.$NXGB
NxGen Brands announced that its acquisition target has closed a licensing deal with an Australian nutritional supplements distributor, allowing them to license the products and for the Company to receive significant royalties through 2024 and beyond as the distributor sells to retail throughout the fast growing markets of both Australia and New Zealand.$NXGB
New tweet. Something big coming tomorrow.
$NXGB Big day coming tomorrow. pic.twitter.com/nrszqIMBIp
— NxGen Brands https://www.madhousesupps.com (@NxGen_Brands) January 8, 2024
Good Morning $NXGB
TY for the follow back!
Huge news coming this week $NXGB
Good Morning $NXGB
Gave ya a follow .. hit me back $NXGB
$NXGB big news coming early next week to update shareholders. Going to be a great week for everyone and a special moment in our the journey. pic.twitter.com/pP7o9TAYPm
— NxGen Brands https://www.madhousesupps.com (@NxGen_Brands) January 5, 2024
Great day here. Seeing this all over the place so I decided to do some DD. Looks good.
$NXGB +65%
#LFG $NXGB pic.twitter.com/aXWtY4BcC4
— resx18 (@resx18) January 4, 2024
#LFG $NXGB +41%
$NXGB Acquisition Closes Australian Deal, Increases 2024 Revenue Forecast
https://finance.yahoo.com/news/nxgen-brands-inc-acquisition-target-125200412.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFnq9nGUP7P3fb2WOOLkQB4HtA9jDqeJz8M7mhKzbDjPF8tLFPr7vcUv5yL99OlSCdDbJ3XGuBMSU8IREJDgLF4ATmPTsA4qwsFDX36bUzYMyx6T6NsjC63t9uJkX4mBacTdosXLkN-VWKCwJWlgwVaNbwpq20cS2Y7bg5BUCdpO
$NXGB " Once the acquisition is closed at some point over the next ten to fourteen days, this will be an additional c.$125,000 of revenue that hits our topline every quarter, simply for licensing our products into Australia." https://finance.yahoo.com/news/nxgen-brands-inc-acquisition-target-125200412.html
$NXGB Major development..
https://money.cnn.com/quote/chart/chart.html?symb=NXGB
Joseph Lawanson, CEO of NxGen, stated, "The Australian market for supplements and nutrition is growing as the population ages and more people are exercising and are concerned with their fitness levels. Many Australians are thinking about the connection between exercise and health, especially as they get older and are turning to fitness as a lifestyle choice. This is a hot, and growing, market and one that we can also expand the Storm Lifestyles™ Brand into throughout 2024. The dietary supplement and nutrition sector is expanding its market and developing new products to take advantage of opportunities and we are right in the center of that with this new licensing deal signed. Once the acquisition is closed at some point over the next ten to fourteen days, this will be an additional c.$125,000 of revenue that hits our topline every quarter, simply for licensing our products into Australia."
$NXGB Reversal in play TECHNICAL ANALYSIS
https://www.barchart.com/stocks/quotes/NXGB/technical-analysis
Looking like today might be the day to bring home the bacon. Loading up. If they do have a solid 2024 revenue stream and IF they close the aqcuisition this one will fly. All comes down to that acquisition closing.
$NXGB announces that its acquisition target has closed a licensing deal with an Australian nutritional supplements distributor, allowing them to license the products and for the Company to receive significant royalties through 2024 and beyond as the distributor sells to retail throughout the fast growing markets of both Australia and New Zealand.
According to IBISWorld™ the Australian nutrition and supplements market has a 2022 value in excess of $1.6bn with an annual growth rate of 2% year on year expected through much of the next decade, outpacing the 1.5% already seen between 2017 and 2022. Moreover, the market size of the Vitamin and Supplement industry in Australia has been growing faster than the overall economy.
Joseph Lawanson, CEO of NxGen, stated, "The Australian market for supplements and nutrition is growing as the population ages and more people are exercising and are concerned with their fitness levels. Many Australians are thinking about the connection between exercise and health, especially as they get older and are turning to fitness as a lifestyle choice. This is a hot, and growing, market and one that we can also expand the Storm Lifestyles™ Brand into throughout 2024. The dietary supplement and nutrition sector is expanding its market and developing new products to take advantage of opportunities and we are right in the center of that with this new licensing deal signed. Once the acquisition is closed at some point over the next ten to fourteen days, this will be an additional c.$125,000 of revenue that hits our topline every quarter, simply for licensing our products into Australia."
The acquisition target will likely have unaudited revenues of around $1m at closing for 2023, and is profitable, with NxGen already projecting a topline revenue figure for 2024, accounting for all of their recently acquired brands, of over $3.25m given current run-rate sales and growth rates.
About NxGen Brands, Inc.
NxGen Holdings, Inc. is a publicly traded company under the symbol NXGB. The Company building build a profitable Nutritional Supplements company, comprising of several brands. www.nxgenbrands.com.
https://www.newsfilecorp.com/release/191843/NxGen-Brands-Inc.-Acquisition-Target-Closes-Australian-Deal-Increases-2024-Revenue-Forecast
$NXGB News December 21, 2023
NxGen Brands, Inc. Acquisition Target Closes Australian Deal, Increases 2024 Revenue Forecast
https://www.newsfilecorp.com/release/191843/NxGen-Brands-Inc.-Acquisition-Target-Closes-Australian-Deal-Increases-2024-Revenue-Forecast
$NXGB announces a second brand has been added to the LOI making the recent acquisition an increased revenue gain from the same deal terms.
These brands together look set to show un-audited revenues for 2023 exceeding $1.25m with a brand-new contract with the Pacific region contract coming online earlier this month which will see non-US revenues skyrocket in a region which traditionally out-sells other markets with similar demographics. Their own-brand protein is scheduled to come back on stream in Q1 meaning a significant bump in revenues, which the company estimates could be as high as a 25% increase in revenues now that protein market prices have stabilized internationally and consumers move back to their protein powder products buying habits.
Joseph Lawanson, CEO of NxGen, stated, "we believe that these two brands together could contribute in excess of $2m to our topline in 2024, with Storm adding a further $1.25m with targeted advertising spend. Such revenues, in real terms and in growth terms, have not been seen from NxGen previously and I am excited to be able to begin the journey of increasing shareholder value through 2024 and beyond. This is just the start of the journey."
NxGen recently announced that it had already completed on its first roll-up by acquiring 'Storm Lifestyle Brands' (www.stormlifestylebrands.com) which was launched in October 2021 to great fanfare at Olympia and has since gone from strength to strength with its Pre-Workout, Burn, Revive and Focus products. This new acquisition, the Company believes, will fit in to a different but equally fast-growing demographic and will, therefore, be a superb fit.
The company has already agreed with former officers to purchase and retire around 14m shares. A further 40 million shares issued to new CEO Joseph Lawanson are ineligible to have any restrictions removed until 2026. At the date of this release, only 5.6 million are currently held at DTC in the free trading float and the Issued Share Capital is 63,079,566.
https://finance.yahoo.com/news/nxgen-brands-inc-expands-position-125200941.html
$NXGB Looking good for bounce here.
$NXGB nice move today
The company has already agreed with former officers to purchase and retire around 14m shares. A further 40 million shares issued to new CEO Joseph Lawanson are ineligible to have any restrictions removed until 2026. At the date of this release, only 5.6 million are currently held at DTC in the free trading float and the Issued Share Capital is 63,079,566.
$NXGB Strong buy Opportunity !
$NXGB Breaking News!! announces a second brand has been added to the LOI making the recent acquisition an increased revenue gain from the same deal terms.
These brands together look set to show un-audited revenues for 2023 exceeding $1.25m with a brand-new contract with the Pacific region contract coming online earlier this month which will see non-US revenues skyrocket in a region which traditionally out-sells other markets with similar demographics. Their own-brand protein is scheduled to come back on stream in Q1 meaning a significant bump in revenues, which the company estimates could be as high as a 25% increase in revenues now that protein market prices have stabilized internationally and consumers move back to their protein powder products buying habits.
Joseph Lawanson, CEO of NxGen, stated, "we believe that these two brands together could contribute in excess of $2m to our topline in 2024, with Storm adding a further $1.25m with targeted advertising spend. Such revenues, in real terms and in growth terms, have not been seen from NxGen previously and I am excited to be able to begin the journey of increasing shareholder value through 2024 and beyond. This is just the start of the journey."
NxGen recently announced that it had already completed on its first roll-up by acquiring 'Storm Lifestyle Brands' (www.stormlifestylebrands.com) which was launched in October 2021 to great fanfare at Olympia and has since gone from strength to strength with its Pre-Workout, Burn, Revive and Focus products. This new acquisition, the Company believes, will fit in to a different but equally fast-growing demographic and will, therefore, be a superb fit.
The company has already agreed with former officers to purchase and retire around 14m shares. A further 40 million shares issued to new CEO Joseph Lawanson are ineligible to have any restrictions removed until 2026. At the date of this release, only 5.6 million are currently held at DTC in the free trading float and the Issued Share Capital is 63,079,566.
https://finance.yahoo.com/news/nxgen-brands-inc-expands-position-125200941.html?soc_src=strm&soc_trk=tw
PR incoming, some good news!!! https://www.newsfilecorp.com/release/190753
this thing gonna move? decent SS, good news, but they don't want to let it go.
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