NxGen Brands Inc (NXGB)

[Brocool]

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