Wall Street Signals: New You, Inc. Merges with ST Brands to Create Holding Company for Global Cannabis-Related Products and Services

New You, Inc. Merges with ST Brands to Create Holding Company for Global Cannabis-Related Products and Services

 



The result will be a platform to acquire, finance, and grow synergistic CBD operations and sales

New You, Inc. (OTCQB: NWYU) today announced, as disclosed in an 8-K dated May 7, entry into an exchange agreement with ST Brands, Inc., to expand into a holding company of assets that create, develop, market, and sell unique and proprietary cannabidiol (“CBD”) products and services to various segments of the global consumer market.

On May 6, 2021, ST Brands' principal Jason Frankovich was appointed to serve as the new Executive Chairman of the Board.

Ray Grimm will continue as our CEO and New You, Inc. will be the first operating entity to receive the benefits of the strategic resources.

"ST Brands brings years of cannabidiol-related product development expertise along with the capital resources necessary to capitalize on surging global demand for new and optimized CBD products," stated Mr. Grimm. "We are in advanced discussions to acquire several entities that lead their respective fields with the intention of applying our skills and networks to accelerating their top-line growth and improving profitability.”

Mr. Frankovich, age 46, is our new Executive Chairman of the Board of Directors. Since 2012, Mr. Frankovich has filled in as Founder and head leader of ST Biosciences, a holding organization for cannabis-related organizations, where he manages activities and business advancement. From 2008 - 2013, he filled in as accomplice and exchange account facilitator at the Atlas Investments bunch, where he worked in the project the executives of business land and multi-family venture portfolios. From 2012-2015, he filled in as an accomplice in New York City-based Hard Beverages and Jetset in New York, a way of life drink organization. Already, he filled in as Head of Commercial Banking for Concord Bankers and as Marketing Special Assistant at Ameriquest Mortgage Bankers.

About New You, Inc.:

New You, Inc. is a publicly traded company (NWYU) that currently holds one subsidiary, NEWYOU LLC, a leading marketer and distributor of premium CBD products founded by CEO Ray Grimm Jr. A visionary entrepreneur and wellness industry pioneer, Grimm has founded six health and wellness companies growing three of them to over $50 million in sales in their first five years. New You, Inc. management will be focused on strategies to diversify revenue streams and develop new business models in the months ahead to determine which brands and/or products should be added.