Business
Emergent Executes Letter of Intent To Acquire Evolutionary Biologics; Former L'Oréal President Jim Morrison To Become Full Time CEO of Emergent
Emergent Executes Letter of Intent To Acquire Evolutionary Biologics; Former L'Oréal President Jim Morrison To Become Full Time CEO of Emergent.
About this update from Emergent Health Corp.
[{"type":"text","content":"HAUPPAUGE, NY / ACCESSWIRE / July 19, 2022 / Emergent Health Corp. ("Emergent") (OTC PINK:EMGE) announces it has executed a Letter of Intent to acquire Evolutionary Biologics, Inc., (website: Evolutionary Biologics), a new kind of biologics company founded for a clear purpose: to bring cutting edge regenerative products to the medical community. The final purchase price, to be negotiated by the Parties, will include the issuance of equity in Emergent and a defined capital investment into Evolutionary Biologics for sales, scaling of the company operations and promotions, all to be based on projections, and subject to funding, as negotiated and agreed to between Emergent and Evolutionary. Evolutionary Biologics products include Evo Hybrid and HydrEyes. Evo Hybrid helps to jumpstart your body's own natural healing power to help bring your skin back to youthful suppleness. HydrEyes helps to reduce redness to help reveal your eyes' natural radiance.Evolutionary Biologics' goal is to create consumer awareness of regenerative medicine with a global presence using science and technology to build products to create external beauty. Evolutionary Biologics intends to use push and pull marketing, social media, and consumer awareness events to create collaborations with clinics for its products.Upon the completion of this transaction and the previously announced letters of intent to acquire Fusion Specialty Pharmacies, nationally accredited compounding pharmacies licensed in 27 states and located in St. George, Utah dedicated to formulating creative, individualized, and compounded medications that can improve compliance, maximize the potential for therapeutic success, and reduce the overall cost of healthcare ("Fusion") and Regen Biowellness, a distributor of various products in the plant-based and regenerative medical fields, former L'Oréal President Jim Morrison has agreed to be appointed CEO of Emergent on a full time basis.Jim Morrison, President/CEO of Evolutionary Biologics, stated, "The marriage between Emergent Health and Evolutionary Biologics will allow both companies to further their respective businesses in the new age medical industry. It also establishes Emergent Health as a leading company for plant-based wellness and regenerative health."James W. Zimbler, CEO of Emergent stated, "With t...