TRxADE Health Newly Merged With Superlatus, To Acquire The Urgent Company To Expand Its Reach In The Sustainable Foods Market; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
TRxADE Health, Inc. (NASDAQ:MEDS) has merged with Superlatus, Inc. and announced a binding agreement to acquire The Urgent Company, Inc. and its portfolio of consumer brands. This acquisition is expected to enhance Superlatus' position in the sustainable and fair food products market and increase its market share. The acquired brands' products are available in over 6,000 stores nationwide. The sustainable and fair food products market is predicted to grow fivefold by 2030.
September 06, 2023 | 1:50 pm
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POSITIVE IMPACT
TRxADE Health's merger with Superlatus and planned acquisition of The Urgent Company is expected to strengthen its position in the sustainable food market and increase its market share.
The merger and acquisition will allow TRxADE Health to expand its reach in the sustainable food market, which is predicted to grow significantly by 2030. This could potentially increase the company's revenues and profitability, positively impacting its stock price.
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