Bon Natural Life Limited Announces Signing MOU For Distributing Jiangwang Spirits In China
Portfolio Pulse from Benzinga Newsdesk
Bon Natural Life Limited (NASDAQ:BON) has signed a Memorandum of Understanding with Guangdong Jiangwang International Holdings Limited to negotiate terms for distributing Jiangwang's spirits and related health products in China. This marks BON's first entry into the spirits industry, leveraging its R&D strength in spirit-related health food.
October 06, 2023 | 1:03 pm
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POSITIVE IMPACT
BON's entry into the spirits industry through a partnership with Jiangwang could potentially boost its revenues and diversify its product portfolio.
The partnership with Jiangwang allows BON to distribute spirits and related health products in China, marking its entry into a new market. This could potentially increase its revenues and diversify its product portfolio, which could positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100