Upexi Closes Acquisition Of E-Core And Its Subsidiaries, Adding Over $40 Million In Trailing Twelve Month Sales And Increasing Projected Calendar 2023 Sales To $100M
Upexi Closes Acquisition Of E-Core And Its Subsidiaries, Adding Over $40 Million In Trailing Twelve Month Sales And Increasing Projected Calendar 2023 Sales To $100M
11/02/22, 12:41 PM
Location
porto alegre
Industry
retail
advertising
fashion
e commerce
information technology
Upexi Inc. (NASDAQ: UPXI) (the "Company" or "Upexi"), a multi-faceted brand owner and innovator in aggregation, today announced the closing of its acquisition of E-Core, Inc. ("E-Core") and its subsidiaries; Tytan Products ("Tytan") and New England Technology, Inc., ("New England Technology"), for a combination of cash, stock and one-to-three year notes. Tytan is a children's toy brand and maker of popular magnetic tiles and building blocks and New England Technology is a national distributor for branded consumer products.
Company Info
Company info
Upexi is a multifaceted brand owner with established brands in the health, wellness, pet, beauty, and other growing markets. We operate in emerging industries with high growth trends and look to drive organic growth of our current brands. We focus on direct to consumer and Amazon brands that are scalable and have anticipated, high industry growth trends. Our goal is to continue to accumulate consumer data and build out a significant customer database across all industries we sell into. The growth of our current database has been key to the year over year gains in sales and profits. To drive additional growth, we have and will continue to acquire profitable Amazon and eCommerce businesses that can scale quickly and reduce costs through corporate synergies. We utilize our in-house, SaaS programmatic ad technology to help achieve a lower cost per acquisition and accumulate consumer data for increased cross-selling between our growing portfolio of brands.