HeavenlyRx Acquires 51% Stake in TRU Brands (TRUWOMEN)
July 24, 2019
HeavenlyRx Ltd. closed on the acquisition of a 51% controlling equity stake in TRU Brands, Inc. (TRUWOMEN) to accelerate its plant-based CPG and CBD wellness strategy. The deal included $3.5 million cash and $2.57 million in HeavenlyRx stock, with HeavenlyRx planning additional working capital injections to increase its stake.
- Buyers
- HeavenlyRx Ltd.
- Targets
- TRU Brands, Inc.
- Industry
- Food & Beverage
- Location
- Florida, United States
- Transaction Type
- Buyout
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