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Replies to post #2945 on Emergent Health Corp (EMGE)
11/10/23 7:04 AM
01/31/24 2:21 AM
L'Oréal S.A. is a French personal care company headquartered in Clichy, Hauts-de-Seine, with a registered office in Paris. It is the world's largest cosmetics company As of January 24, 2024, the stock price of L’Oreal SA is 429.0 EUR. The company has a market capitalization of 228.06 billion USD https://www.lorealparisusa.com/ https://www.loreal.com/en/
Apollo Merger Agreement. We have entered into a Plan and Agreement of Merger (the Merger Agreement) with Apollo Biowellness, Inc., a Delaware corporation (Apollo). Our management has determined that there is no impediment to our closing the Merger Agreement. Previously the Company had announced its intention to sell Evolutionary Biologics, Inc., one of its subsidiaries, to Apollo. That transaction has been abandoned, and the Company instead chose to acquire and merge with Apollo
Emergent Health to spin out subsidiary PharmaZu to its Shareholders pursuant to an IPO underwritten by a Nationally Recognized Investment Banking Firm
Emergent Health Corp. (OTC: EMGE), a curator, developer, and marketer of products in the Regenerative Health Space announced today that it has executed a Term Sheet for a firm committed underwriting with a nationally recognized investment banking firm for $10,000,000 with respect to planned corporate financing transactions, including the private placement of securities (“pre-IPO Financings”) and the planned $10 million initial public offering of Emergent subsidiary PharmaZu common stock (“IPO”) that will be applied for listing on NASDAQ or NYSE/AMEX, with NO DILUTION to Emergent shareholders. PharmaZu is a pure play, e-commerce products and service provider focused on the Pet Community, Pet Pharmacy and Pet Wellness using Influencers and their content, including pet pharmacy, vet telehealth and pet wellness businesses. Upon the effectiveness of the IPO and listing on a national exchange, PharmaZu plans to acquire a 48-state authorized compounding pharmacy located in West Palm Beach, FL, doing approximately $10M a year in revenue, which will serve as the backbone and fulfilment center for PharmaZu, creating a national platform throughout the United States. Subsequently, Emergent plans to distribute to its shareholders, pro rata, the shares of PharmaZu as a dividend, when a record date is set.
In December 2023, we entered into a non-binding letter of intent (the “LOI”)
with Accredited Solutions, Inc., a publicly-traded company (symbol: ASII). The LOI
contemplates a sale of certain of our assets, including Evolutionary Biologics, Inc., Nanostehic,
Inc., Nanogistics, Inc., and the brand Maximus Men's Health to ASII, in exchange for a new
class of preferred stock of ASII that would equate to an equity ownership of not less than 80% of
ASII. The corporate structure of the proposed transaction and other relevant terms have not yet
been finalized. The LOI contemplates that the transaction would close early in the first quarter of
2024. However, there is no guarantee that such will be the case
Jim Morrison, Chief Executive Officer of Evolutionary Biologics, a division of Emergent Health Corp, (EMGE) stated “we are very excited to be working with Biorestorative Therapies. They are a world class manufacturer of biological products, and operate a state-of-the-art Laboratory and manufacturing facility. This partnership will undoubtedly provide Evolutionary Biologics with a competitive advantage in the large and fast-growing biologics cosmetic marketplace".
Mr. Morrison is a legend in the personal care industry, most notably as President of L'Oréal. While at L'Oréal, Morrison oversaw growth that averaged more than 20% year-over-year. He engineered the acquisitions of Redken and Matrix and led the company during a period of unprecedented growth during his tenure. He is considered one of the top brand strategists in the personal care space. Morrison has had a long history of working with celebrities in the beauty space, such as Britney Spears, Kimora Lee Simmons, Flo Rida, Katharine McPhee, Christie Brinkley, Rob Lowe, Kylie Jenner, and others.
Business Week Magazine previously wrote: "Over the last two decades, Mr. Morrison has had a profound impact on the American Beauty Industry. In the industry's history, no other executive has had the level of financial responsibility or breadth of organizational experience as Jim. His devotion to, and success within the American Beauty Industry is unmatched."
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