Jeffs’ Brands Enters Into Non-Binding Agreement to Acquire 50% of a Company that Owns an Amazon Top Selling Brand

December 14, 2022

https://www.globenewswire.com/news-release/2022/12/14/2573793/0/en/Jeffs-Brands-Enters-Into-Non-Binding-Agreement-to-Acquire-50-of-a-Company-that-Owns-an-Amazon-Top-Selling-Brand.html

The food supplements and cosmetics brand is profitable with millions of dollars in annual sales

Tel Aviv, Israel, Dec. 14, 2022 (GLOBE NEWSWIRE) — Jeffs’ Brands Ltd (the “Company”) (Nasdaq:JFBR), a data-driven e-commerce company operating on the Amazon Marketplace, today announced that it has entered into a non-binding letter of intent (“LOI”) with SciSparc Ltd. (“SciSparc”) (Nasdaq:SPRC), for the purchase of 50% of SciSparc’s wholly owned subsidiary, SciSparc Nutraceuticals Inc., which owns WellutionTM, a top-selling Amazon.com Marketplace food supplements and cosmetics brand (the “Brand”), for approximately $3 million in cash or a combination of cash and ordinary shares of the Company, as agreed by the parties in the definitive agreement.

Read more at globenewswire.com

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