Jupiter Wellness (NASDAQ: JUPW), a cutting-edge wellness brand dedicated to exploring the multiple therapeutic and medical uses of cannabidiol (“CBD”) via a multitude of convenient products, announced it will be acquiring SRM Entertainment LTD from Vinco Ventures, Inc. (NASDAQ: BBIG). Jupiter will acquire the award-winning innovation company by issuing 200,000 shares of its restricted common stock for 100% of SRM. With offices in the United States and Hong Kong, SRM has more than three decades of experience in designing, manufacturing and selling creative products and services globally. SRM is recognized as a successful OEM preferred vendor that provides products to theme parks around the world; more recently, the company has been expanding into the hospitality industry. “This acquisition represents a strong commitment to growing the distribution of one of our core brands, our patent-pending CaniSun suncare line,” stated Jupiter Wellness CEO Brian John in the press release. “Access to travelers searching for Sun & Fun is where we want to be. SRM provides an innovative opportunity to expand into the leading theme parks in Orlando, Florida and worldwide. Additionally, SRM has been expanding further into the hospitality and entertainment industries. We’re excited to leverage established channels with preferred vendor relationships to grow our brands. . . . While we don’t know how long the current downturn will continue to impact attendance at major theme parks globally, we’re confident this acquisition makes sense and positions Jupiter Wellness to capitalize on an anticipated return to normalcy.”
To view the full press release, visit https://cnw.fm/fMPit
About Jupiter Wellness Inc.
Jupiter Wellness is a cutting-edge wellness company developing a proprietary line of products designed to explore the multiple therapeutic and medical uses of cannabidiol (“CBD”). The company is dedicated to advancing research into the medical and therapeutic uses of CBD for treatment and relief of ultraviolet exposure, psoriasis, eczema, skin aging and other ailments. The company was formed in 2018 and is headquartered in Jupiter, Florida. For more information, please visit www.JupiterWellnessInc.com.
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