BETHLEHEM, Pa.--(BUSINESS WIRE)--Edison Nation, Inc., a multifaceted ecosystem that fosters innovation and drives IP, media and consumer products, is pleased to announce the acquisition of HMNRTH Nutraceutical’s line of Cannabidiol health and wellness products. HMNRTH’s Cannabidiol product line includes a unique blend of oral sprays and topical ointments.
With the U.S. CBD market heading to $23.7 Billion by 2023, according to a Brightfield Group research report, HMNRTH allows for rapid sales growth and expansion for Edison Nation. “The expansion into Nutraceuticals and consumables has been a strategic goal for us over the last year,” said CEO Christopher Ferguson. “HMNRTH is the first acquisition in the consumables arena, and we look to leveraging our innovation platform to expand the brand and product lines to identify other synergistic opportunities in the consumables category.”
The existing product line includes oral sprays specifically formulated for morning, daytime and evening use as well as muscle and joint creams. In addition to Cannabidiol, HMNRTH products provide additional benefits such as Natural Caffeine for morning energy and Melatonin for evening rest. With verified third-party lab testing and a U.S. based supply chain, HMNRTH’s formula consist of 100% Hemp Derived CBD and are FDA and GMP Compliant.
About HMNRTH
HMNRTH’s business model is to bridge the gap between the lifestyle and knowledge components within the cannabis industry. The Company’s goal is to educate every consumer while cultivating an experience by providing quality products, branded cutting edge content, and diversified product lines for any purpose. Most importantly, we want our clients to discover their inner HMN, redefine their inner HMN and Empower their inner HMN.
About Edison Nation, Inc.
Edison Nation, Inc. (EDNT), is a multifaceted ecosystem which fosters innovation and drives IP, media and consumer products. Edison offers innovation sourcing, product design, sales, manufacturing, and fulfillment services. Edison Nation’s model is to source innovative ideas to launch internally or license to brand partners. Edison Nation hopes to leverage its television property, Everyday Edisons, to become the recognized leader in the innovator community.
For more information, please visit www.edisonnation.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing the Company's views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this release and involve a number of risks and uncertainties, some beyond the Company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including consumer, regulatory and other factors affecting demand for the Company's products, any difficulty in marketing the Company's products in global markets, competition in the market for consumer products, any inability to raise capital to fund operations and service the Company's debt. Additional information that could lead to material changes in the Company's performance is contained in its filings with the SEC. The Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of new information, future events or otherwise.
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Released March 12, 2020
