NxGen Brands Inc (NXGB)

[tradernewstip]

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."