Medigus: Jeffs’ Brands entered into Non-Binding Letter of Intent to Acquire an Amazon Marketplace Leading Supplements Brand with Annualized Revenues of Approximately $2.7 million in 2022

https://www.globenewswire.com/news-release/2022/10/21/2539319/0/en/Medigus-Jeffs-Brands-entered-into-Non-Binding-Letter-of-Intent-to-Acquire-an-Amazon-Marketplace-Leading-Supplements-Brand-with-Annualized-Revenues-of-Approximately-2-7-million-in-2.html

Tel Aviv, Israel, Oct. 21, 2022 (GLOBE NEWSWIRE) —  Medigus Ltd. (Nasdaq:MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that Jeffs’ Brands Ltd. (“Jeffs’ Brands”), a data-driven e-commerce company operating on the Amazon Marketplace, announced that it has entered into a non-binding letter of intent for the purchase of an Amazon Marketplace brand (“the brand”) for $2.5 million in cash.

Read more at globenewswire.com

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