Jamaica-Based Kaya Group Partners With Silo Wellness, Announce Share Exchange And Psychedelic Wellness Retreats
Portfolio Pulse from Lara Goldstein
Psychedelics and wellness company Silo Wellness (OTCQB:SILFF) and Jamaican NUGL Inc. (OTC:NUGL) have announced a strategic partnership to offer psychedelic wellness experiences and retreats in Jamaica. As part of the partnership, Silo Wellness has acquired 25,081,369 NUGL shares and issued 15,293,640 of its Class A shares. The shares cannot be transferred or sold for a minimum of 12 months. The partnership will combine Kaya's retail locations and wellness center with Silo's expertise in managing psilocybin wellness retreats.
August 04, 2023 | 2:26 pm
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POSITIVE IMPACT
NUGL Inc. has entered into a strategic partnership with Silo Wellness, which could expand its market presence in Jamaica.
The partnership with Silo Wellness could provide NUGL Inc. with an opportunity to expand its market presence and offer new services in Jamaica, which could potentially increase its revenues and profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Silo Wellness has entered into a strategic partnership with NUGL Inc., which could expand its market presence in Jamaica.
The partnership with NUGL Inc. could provide Silo Wellness with an opportunity to expand its market presence and offer new services in Jamaica, which could potentially increase its revenues and profitability.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100